Dow Jones US30 Chart Technical Outlook moves within a bullish channel. Prices had completed a three-wave corrective structure to the downside and bounced higher. A bullish leg is now in play with dips likely to find buyers.
Wednesday’s dovish Fed stance and strong US earnings support the bullish direction for the index. More mega caps earnings will be published today. The NFP is due tomorrow and will offer further clues on the labor sector – the Fed pays more attention to labor nowadays.
