Dow Jones ( US 30)

Dow Jones ( US 30) Weekly analysis on a daily chart. The price has currently breakout of the 8 months trend-line. This is indicated that the price may change the market structure as well as the direction. As we all know that we have been in a bearish move for sometime now. This may indicate that we will be starting a bullish move. Before one can act on any move, we need to get confirmation. The price need to give us a retest around or between level 33290.3 & level 32374.4 to confirm the breakout. if the area doesn't hold and the price continue to move down that will indicate to us that the breakout was a fails breakout and the market is still bearish.