November 24, 2010

Dow Jones in a range

  • Dow Jones hour chart is showing a range of  10980 - 11200.
  • Price is trading near the upper end of the trading range. 
  • Price is trying to go above the ichimoku cloud in hour chart.
  • If a breakout happens price should close and sustain above 11205 for a larger up move to happen. Otherwise this will be a perfect place to short. Oscillators have come to the overbought region for hour time frame.

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