As expected, Dow Jones Industrial pulled back. Let’s see if the support holds.
Tag Archives: Indu
Looking for a pullback
DOW Jones Industral Average pulls back a little. I expect that we may see a pullback around 10730. If you are bullish, it may be an opportunity to get on this rally at the year end.
Year End Rally
How much will the market continue to rally? All major markets are quite extended after going straight up for almost two months.
It’s quite possible that it continues to move up, but I would sell into the strength to take some profits.
Indecision
The long doji indicated that market didn’t make up mind yet on where to go next. We need some push to break the overhead resistence.
Dow Jones Industrial
INDU continues moving up crossing SMA 200. Short term wise, it’s overbought.