October 27, 2013

Dow Jones Weekend update

  • Dow Jones Daily chart shows RSI moving towards overbought zone and price is likely to hit the resistance zone marked in chart. Daily MACD is looking strong, a Red bar on the MACD histogram when price hits the resistance zone may hint of a reversal.
  • Weekly chart shows a developing negative Divergence and it shows some more up side before the reversal can start.
  • ES Ascending Triangle

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