June 15, 2011

DOW JONES - Trend update

  • Dow Jones hour chart with 100 Hour moving average.
  • Price has been trending down below this moving average since may with just one failed attempt to change the trend.
  • Yesterdays up move barely came close to this moving average and already futures hinting a gap down opening. So price should close and sustain above this moving average for changing the short term trend.

No comments:

Post a Comment