Dow Jones Index Reversal Points to Further Gains

The Dow Jones Index has reversed from a support zone, and analysts expect it to rise further. The index recently reversed from the support zone between 28,525.00 and the lower daily Bollinger Band. This level was also strengthened by the 61.8% Fibonacci correction of the sharp upward impulse from July.

The clear daily uptrend suggests that the Dow Jones Index can be expected to rise further to its next resistance level at 54,735.00. This is the top of the previous minor impulse wave I from August.