Dow Surges Above Flag Resistance with Triple Digit Move

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com



The Dow is making a bold statement as it holds the resistance breakout from November and exceeds flag resistance. The Dow broke to new high with a move above 15700 in early November and the 15600-15700 area turns support. This level held on the throwback, which formed a falling flag. This small correction ended on Wednesday with a break above the upper trend line. The breakout at 15800 is the first level to watch for a failure.

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Arthur Hill
About The Author:

Arthur is Chief Technical Strategist at TrendInvestorPro.com. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

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