As Dow Soars 200 Points, Top Technician Ralph Acampora Lays Out The Next Key Levels
What trade war? The Dow rocketed back to positive territory for the year in a triple-digit rally Thursday.
Godfather of the charts Ralph Acampora now sees the blue-chip index headed back to records.
The S&P 500 neared its resistance level of 2,800 on Thursday, and Acampora now expects the Dow to reach above its own.
“A comparable level on the Dow would be around 25,400. We’re about 500 points away from doing that,” Acampora, director of technical research at Altaira Capital Partners, told CNBC’s “ Futures Now ” on Thursday.