Dow Jones 30 jumped +24% from December 2018 to May 2019 (5 months); the recent two and a half month April to June -7.8% drop in the Dow Jones 30 is looking like a normal and healthy market correction; the question remains is this correction over?
The prospect that the US FED will shift to a lower interest rate policy gives reason for investors to buy back into the recent -7.8% downside correction on speculation that lower interest rates will help boost corporate profits helping to lead stock markets higher. Current price 26.205 upside resistance seen at new all time high near 26,900; while support zone remains between 25,250 and 24,390.