Thu, Sep 29, 2022 @ 09:01 GMT
HomeLive CommentsDOW surges over 3.5% on coronavirus vaccine optimism, invalidates H&S top

DOW surges over 3.5% on coronavirus vaccine optimism, invalidates H&S top

DOW gaps up on coronavirus vaccine optimism and is currently trading up more than 3.5%, or 800 pts. The development invalidates our bearish view, with head and shoulder neck line and 55 H EMA taken out decisively. Rebound from 18213.65 is likely still in progress. Further rise should be seen back to 24764.77 for the near term. Next focus is 61.8% retracement of 29568.57 to 18213.65 at 25230.99.

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