Dow Jones Index On A Bollinger Bands Breakout

US30 on 1H chart

The US stock market is about to open. On the hourly US30(Dow Jones Index) there is a breakout of the Bollinger Bands on the upper band. At least for the next few hours, this index could be heading higher to 26,300 to 26,400 from current breakout of 26,023.

MACD is bullish with both its lines above the Zero line. Both lines are moving higher as well. MACD is supportive of further price advance.

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