US Stock Markets Today: Dow Jones Continues Rally, Eyes 36,000 Mark

15 October, 2021 (9:52 AM EDT)

Looks like the world is revolving around happiness nowadays. Indian markets are going berserk with happiness, climbing 1000 points every few weeks.

US stock markets have also decided to celebrate the “Santa Rally” a couple of months before and are rallying from their recent support levels.

Dow Jones, as we wrote previously, was showing a positive trend on monthly charts and strictly rangebound trend on weekly charts.

Now Dow Jones has changed the shape of its current weekly candlestick and it is now rising up like a bottom hammer, or what I call a “comet” candlestick with a lower wick and rising body. It is now very close to its all time level of 35,500 so obviously, we can expect it to reach 36,000.

That’s the next target of Dow Jones- 36,000!

Celebrate that. Santa is early in stock markets this year 🙂  

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