DOW JONES INDUSTRIAL AVERAGE - DJIA at Record Highs For Another Green Month - Strong Bullish Bias - 09/20/2017 (GMT)

The Dow Jones Industrial Average is posting the sixth green straight month, recording a new all-time high near the 22385 price level. The sharp buying interest pushed the price to add more than 8% to its value and started the upward movement following the bounce off the 17470 support barrier. On a daily basis, the price is moving higher over the last 12 days after it hit the rising trend line, which is holding since November 2016.

Our expectation is a further upside potential move for a new high. The technical indicators are confirming the bullish thought as both are moving higher. The RSI indicator jumped above the 70 level and the MACD oscillator soared above the trigger line with strong momentum.