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Sunday, July 3, 2011

Dow Jones Bull again after breaking the downtrend line

Everybody was panic when Dow Jones about to break the strong support at 11875 but luckily the Greece recovered on time. Last week, Dow Jones was bullish to break 2 resistance and towards the 3rd resistance.

1) Trendline - Uptred- (Bullish)
2) Formed higher high - (Bullish)
3) MACD - breach below 0 and showing uptrend ( Bullish)
4) RSI - Broke above 70% ( Bullish)
5) Sto - Broke above 80% ( Bullish)
6) ADX - normal momentum and Bullish( Bullish)
7) Candle Stick -3 White Soldier and indicating continuous bull ( Bullish)

0 Points

       7 Points


Winner BULL
 Broke the 2 resistance in style with a 5 in the row White Candle. Let hope this will bull all the way until 12893
Resistance 12893
Support 12378

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