DOW JONES INDUSTRIAL AVERAGE - DJIA at New Highs Again - Added More Than 12% The Last 6 Months - 10/19/2017 (GMT)

The Dow Jones Industrial Average is completing the sixth consecutive positive week, extending its gains towards new highs. The U.S. index soared more than 12% since April and over the last long-term periods is creating fresh highs month by month.

Having a look on the short-term timeframe, on Thursday the price exposed towards the 23178.50 price level, all-time high, and there is no signal for any downside correction. The price continues the aggressive bullish run and the three simple moving averages are endorsing this thought. The technical indicators are developing into the overbought areas. The MACD oscillator jumped above the trigger line with very strong momentum and the RSI indicator is holding above the 70 level.