It looks more like to break on the upside now. Let’s see if it will follow through rest of this week.
It’s interesting to notice that crude is at $72/bbl, gold is at $600, while Dow has reached almost multi-year high.
Looking for direction
Dow Jones Industrial Average is going to resolve this soon. A breakout from here won’t be a surprise. Looking for some decent earning reports.
Back at the trend line again
Dow Jones Industrial Average is again at the uptrend line. Go long if it stays above 11,100.
Breakout
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.
Reaching support area
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.