Potential turning point for DJIA?
Looking from the trend, we have seen Dow Jones have been correcting to the bottom of the Keltner channel before rebounding higher (except for the month of June). 34,813 has been the level of resistance previously and has now turned support. There is a resistance now 35,600, very likely if it fails to clear the resistance, Dow Jones should find support at the orange circle area. Which is the uptrend green line, bottom Keltner channel and the MA50 line.