DOW JONES broke above the 1D MA50. Buy Signal.

Pattern: Channel Up on 1D.

Signal: Buy as the price broke above the 1D MA50, crossing it as a Resistance for the first time since April 27. Also the MACD formed a Bullish Cross. The past 3 occurrences initiated a rally.

Target: 29200 (the Resistance).

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Tradingview link:

https://www.tradingview.com/chart/US30/9h5cRSLb-DOW-JONES-broke-above-the-1D-MA50-Buy-Signal