DOW JONES INDUSTRIAL AVERAGE INDEX - $INDU
Monthly chart shows bottoming tails into current support. Index remains well below all key moving averages and the down trendline in place. No buy signal/pattern evident on this timeframe.
Weekly chart charts the bulls managed to keep most of the gains made the week before. Index remains below all key moving averages and the down trendline in place. Short term aggressive buy signal/pattern in place. IF the bears managed to take the index back down to last week's low, THEN the short term aggressive buy signal/pattern is negated.
Monthly chart shows bottoming tails into current support. Index remains well below all key moving averages and the down trendline in place. No buy signal/pattern evident on this timeframe.
Weekly chart charts the bulls managed to keep most of the gains made the week before. Index remains below all key moving averages and the down trendline in place. Short term aggressive buy signal/pattern in place. IF the bears managed to take the index back down to last week's low, THEN the short term aggressive buy signal/pattern is negated.
Daily chart shows the bulls managed to close Friday's trading session near its high for the day. We need to see bullish follow through and continuation higher next week, and must clear current resistance at 8831.35 in order for a more sustained upmove.
No comments:
Post a Comment