Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Dow Jones Is Having A “Stare Down” With Important Resistance!

Courtesy of Chris Kimble

Is the Dow having a “Stare Down” with a key Fibonacci resistance level that was created by the 2007 highs and 2009 lows? Sure looks to be!

This chart looks at the Dow Jones Index on a monthly basis over the past 20-years, where Fibonacci was applied to the 2000 highs and 2009 lows.

The 261% extension level first became resistance in January of 2018. The Dow traded sideways for 19-months before it finally succeeds in breaking above this key resistance zone.

The decline earlier this year took the Dow back below the 261% level and a rising support line that was created off the 2009 lows.

The rally since the March lows has the Dow kissing the underside of both lines this month at (1).

Is the Dow having a “Stare Down” with a dual resistance level this month at (1)? Yes, it is!

It will be very interesting to what pattern the Dow creates at the end of this month, just below this test of resistance!

To become a member of Kimble Charting Solutions, click here.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!