Within 50 points of the magical level.
The Dow 20000 level is within 50 points.
The Dow industrial average is currently trading at 19551 up 154 on the day or 0.78%. This would be the 16th record close for the Dow since the US election.
Why do I feel like the Dow 20000 is like the Nasdaq 5000 in March 2000. That too was a big, big level back at the height of the internet boom. The index closed above the key level on two days (traded above it on 7 days). Less than 3 months later the index had lost 40.72%. Ouch!
It wasn't until March 2015, that the 5000 level was broken again - 15 years later.
Now it is not apples and apples but big milestones like Nasdaq 5000 or Dow 20000 can become convenient levels to stall. They also make for a good story. So we can expect some hesitancy .... some respect....against the level.
