Pages

Friday, January 27, 2012

DJIA Technical Analysis 2012.01.27

DJI Index traded yesterday in the resistance area set by May and July 2011 highs (12,752-12,880) and formed a spinning top candle, preventing though the bulls of a possible reversal.

The main aspect to watch now in case of a decline is the trend line T1 and an eventual break below it will set the market for further decline.


No comments:

Post a Comment