Dow Jones Industrial Average is again at the uptrend line. Go long if it stays above 11,100.
Dow Jones Industrial broke out this resistence at higher than average volume. It’s in a 5-year high right now. Expecting some further up moves in the comming days.
Dow Jones Industrial is reaching the support area on this uptrend line. Wait to see if the Stochastic falls near 20 then go long. The stop can be set up at 10,600.
Dow Jones Industrial pulled back a little and closed just a hair line below 11,000. The volume was slightly higher than average. If it holds up at 11,000, it’s more likely we will see some movement on the upside in the comming days and weeks. However, if the 11,000 does not hold up, we expect to see it at the support level 10,700.
Dow Jones Industrial reached new high today. The volume is decent, so we may see some follow-through next week.