June 8, 2011

DOW JONES Analysis after closing bell

  • Dow Jones in the daily chart is about to hit a trend line. We had 5 red candles so this hit at the trend line may result in a green or white candle.
  • Price in hour chart is trending down below major moving averages after the death cross.
  • Last chart is to give some hope for bulls. Price may give a higher low and RSI is about to make a lower low resulting in Hidden Positive Divergence. Note: Price has not made a bottom yet so we have to wait and see till Dow Decides to bounce.
  • BABYPIPS.COM EXPLAINS HIDDEN DIVERGENCE

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