In below chart we can see that ignoring the Trumps speech prices have continued to move in a range and movement has narrowed further. During such times Bollinger Bands works well to identify resistance and support area. This clearly shows that close above 20000 is required to continue the up move whereas move below 19750-700 zone can result into selling pressure and complete the minute wave c of Zigzag correction pattern.


DJIA  60 mins chart:

Dow Jones, Trump,Elliott wave,Chart of the day

Courtesy: Netdania