Three times since late 2024, the Dow has run head-first into the same resistance zone around 45,092 — each time pulling back, but each time finding higher lows and quicker recoveries.
Now we’re at attempt #4. The prior pullbacks have been smaller, and breadth is improving — only 5 out of 30 Dow components are negative since December 24, 2024.
Yes, there are plenty of unknowns — macro headwinds, earnings gaps, global geopolitical and tariff risks — but the chart says one thing loud and clear: the bulls are still in control.
A clean breakout here could open the door to new highs. Until proven otherwise, momentum belongs to the buyers.
Now we’re at attempt #4. The prior pullbacks have been smaller, and breadth is improving — only 5 out of 30 Dow components are negative since December 24, 2024.
Yes, there are plenty of unknowns — macro headwinds, earnings gaps, global geopolitical and tariff risks — but the chart says one thing loud and clear: the bulls are still in control.
A clean breakout here could open the door to new highs. Until proven otherwise, momentum belongs to the buyers.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.