Dow Jones Testing Key Monthly Resistance

As market volatility has died down in recent sessions, off the back of calming geopolitical tensions in Hong Kong, as well as between US-China , it appears that the $DJI has broken out of its "Channel" formation and is moving higher.

Given this move, the $DJI is trying to make a run for 26,876 - a Key Monthly Resistance Level (Blue) for the index.

One thing to lend support to the $DJI move higher has been the fact that its RSI is showing positive divergence with current price action.

If the $DJI can successfully "Breach and Close" above 26,876, it would be a good sign for the market.

Investors should watch this space.

Dow Jones approaching key technical level

Dow Jones approaching key technical level