Technically, an interim bottom may have been reached for the DJIA. This is due to the testing of the low coupled with a strong closing on the 13th of November. On that day, it tested a low of 7965.42. Previously, DJIA had tested the level of 7882.51 successfully on the 10th of October. I have highlighted both days with purple rectangles. Do note that the volume for both days were heavy and that adds to the significance of the testing of the lows. With the successful testing of the region of around 7900, DJIA should be poised for a retracement back to the upside soon
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