DOW JONES Weekend update
- Dow Jones made an attempt to close the week above the resistance line but got resisted and closed inside the weekly pattern.
- Daily charts have started to diverge negatively as shown with Chaikin Money Flow Indicator. But as all divergence price needs to confirm for a sell to be triggered. Closing below 20 SMA will confirm the weakness.
- Last chart also shows a possible rising wedge pattern. If 20 SMA is taken out by bears a correction towards the supporting trend line is possible. Price staying above the resistance line will negative the bearishness for a while.
- IWM - WEEKLY RESISTANCE LEVELS (50 WEEK SMA AND GOLDEN RATIO)
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