Dow Jones retracing to the next support.

DOW Jones Honey, I AM BACK!!!!!

Sigh.. Look like Miss Bear is looking for Mr Jones again hehe.. What happen to Miss Bull where we saw you around with her last week??

Observation
1) Trendline - Uptred- (Bullish)
2) Formed higher high - (Bullish)
3) MACD - 4G1R (Bearish)
4) RSI - Broke below 70% (Bearish)
5) Sto - Formed Bearish Crossover and broke below 80% (Bearish)
6) ADX - normal momentum and Bullish( Bullish)
7) Candle Stick -2 Black Candle (Bearish)
8) Global Sentiment - Europe Debt Woes building up and spreading to Italy and Spain..
 ( Bearish)

5 Points

       3Points

 

Conclusion

Winner Bear ( Throw down wrestling style)

With all the bad news on Europe and China Inflation Tightening measurement.which bring the bad news and brought Miss Bear back...

Entry Price 12800

Resistance at 12783

Support a 12378, 12275

 

 

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