The Dow Jones Index is currently facing resistance at the 34,200 level, and the recent speech by Federal Reserve Chairman Jerome Powell has created a bullish sentiment in the market.
The trendline for the index appears to be ascending and if the index were to break above the 34,200 resistance level, it could signal a buying opportunity for investors according to Planctonโs strategy.
The market's reaction to Powell's speech and the potential for a break above the resistance level are important factors for traders to consider in their decision-making.
The trendline for the index appears to be ascending and if the index were to break above the 34,200 resistance level, it could signal a buying opportunity for investors according to Planctonโs strategy.
The market's reaction to Powell's speech and the potential for a break above the resistance level are important factors for traders to consider in their decision-making.