CHART-II
CHART-I
- Dow Jones has managed to pull back above its 200 hour moving average.
- CCI indicator shows positive divergence yesterday which has given an up move for Dow.
- If price sustains above 200 hour moving average we may see the rally continue up to the 50 hour moving average.
- Price closing below 200 hour moving average will strengthen the bears again.
- Positive divergence was discussed yesterday IN THIS POST
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