RSI Edge suggests Rally in Dow Jones can extend till 25000 levels
Dow Jones witnessed a strong rebound in the mid session. Buyers took control all out and pushed the index up very strongly. This rally is expected to continue till 25000 – 25100 levels. The next RSI resistance zone is situated in the said area.
However this move up does not warranty a trend end to the downward “corrections” A bearish price action at 25000 – 25100 levels will be a perfect short creation opportunity in the index, as suggested by RSI Edge