Dow Jones Industrial Average technical outlook
The Dow Jones Industrial Average climbed back over the 39,000.00 handle on Wednesday, marking in a fresh high for the week at 39,200.00 and extending a bullish push beyond the 200-hour Simple Moving Average (SMA) near 38,890.00. The 39,000.00 major price level has been a key price point that the DJIA has struggled to escape recently, but a supply zone near 38,600.00 is limiting near-term losses on pullbacks.
The Dow Jones is set for a third straight bullish close on Wednesday, and would mark in a fifth bul candle out of the last six. The index, despite near-term consolidation, is trading firmly into bull country, with the 200-day SMA well below current price action at 35,615.00
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