DOW JONES Strong ceasefire rally but upside limited long-term.US 30CAPITALCOM:US30TradingShotDow Jones (DJI) is rallying aggressively following President Trump's ceasefire with Iran and having broken above the 1D MA200 (orange trend-line), is now aiming for its 1D MA100 (green trend-line) This along with the 0.618 Fibonacci retracement level is a technical Resistance Zone as this is where the market got rejected and made a Lower High on this exact month (April) during the previous Bear Cycle of 2022. Much like 2022 this Bear Cycle is an inflation correction and there could be a long way of announcements and dismissals back and forth (similar to the Ukraine - Russia war). So a rejection on the current Resistance Zone, technically serves as a new sell entry, targeting at least the -0.618 Fibonacci extension at 41700. The 2022 Bear Cycle bottomed even lower on the market's long-term Support, the 1M MA50 (red trend-line). Based on its trajectory, Dow may make contact with it around 40500. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇