Dow Jones Industrial Average technical outlook
The Dow Jones drifted into an early low near 39,000.00 on Wednesday before recovering into 39,160.00. Bids have pulled back into the day’s opening prices near 39,100.00 as investors buckle down for a spark from the Fed.
The DJIA is trading into the top end of near-term consolidation as the index struggles to gain further ground above the 39,200.00 level. Swing lows have been etching in a higher lows pattern, and an intraday demand zone in priced in near 38,700.00.
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