DOW JONES: Cycle has ended and 'needs' to correct to the 1M MA50Dow Jones Industrial Average IndexTVC:DJIInvestingScopeDow Jones is bullish on its 1D technical outlook (RSI = 65.865, MACD = 416.520, ADX = 34.448) as March's losses have already been recovered with April's rally but technically the rise should not go any further. On the 1M timeframe the index has completed a full Bull Cycle of +76% gains already inside this Channel Up since 2009 and this it technically where it always corrects back to the 1M MA50. This has been the strongest Bull Cycle (along with 2015) and with the 1M RSI already rejected and losing momentum, the market should hit the 1M MA50 by the end of the year (TP = 41,000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##