DJI broke upwards out of a pennant yesterday. Some pennant breakouts retrace back to previous resistance and bounce off and continue upwards. I've marked the support it needs to bounce off of for a pattern continuation.
Any bearish situation would only come about if the Dow were to tank 400points and drop below bearish zone or Fib.236
IMO out of all the exchanges the Dow is showing the most strength; Especially in its daily RSI. which I've charted. take a look.
Any bearish situation would only come about if the Dow were to tank 400points and drop below bearish zone or Fib.236
IMO out of all the exchanges the Dow is showing the most strength; Especially in its daily RSI. which I've charted. take a look.
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ContraryTrader
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