Dow Jones Monthly Chart:

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Dow Jones Monthly Chart:

The index is approaching the levels from where the index has broken out in the month of May-2015 and August-2016. The break out levels are 18400 and 18700 respectively. (Red Line)

Around 18000-18200 the trend-line joining highs of 11700 (Jan-2000) and 14200 (Oct-2007) is also lying. (Blue Line).

For educational purpose.

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ملاحظة

As mentioned on 21st March 2020, regarding Dow Jones Industrial Index approaching towards the strong support zone of 18000 to 18200. On 23rd March 2020 the index hit a low of 18213 and bounced 2500 points which is more than 13% in couple of days.

Time will tell if the lows are held or not.