Don't Ignore This Chart!

Dow Bounces off Bullish Support Line on P&F Chart


The Dow Industrials remains in a long-term uptrend as it bounced off the bullish support line extending up from October 2011. This line and the April low combine to mark a key support zone in the 12850-12900 area. It would take a P&F print below the last O-Column would reverse this uptrend.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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