DJIA


Very difficult market. Ranges are extremely high. I am not sure it makes sense discussing technical analysis in this situation where news and regulations (eg the short selling prohibition) impact heavily the market.
However, the false breakout to the downside, the positive divergence of MACD and the wide ranging days to the upside indicate that an important low has been printed. Next resistance at 11800. The index in my opinion should retest this level, although we will continue to see in the next days volatility and down swings.
Among others, General Motors Corporation (GM), The Walt Disney Company (DIS), E.I. du Pont de Nemours & Company (DD) printed new 20-day highs.
Labels: djia






0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home