I had vide my posting Average Strength., indicated a resistance range of 5416-65 yesterday. The same was mentioned in Market Next Week too.
We saw this resistance is being adhered precisely. Now that lower level charts up to 30 min, has gone SHORT. The EOD chart and 2000 NN may take a little while to give the SHORT signal. Till then, we should assume that the immediate trend is up and it has only gone weak.
DOW: I had vide my posting on DOW, indicated the weakening of DOW Hourly chart. The confirmation has already come. Now, the 120 Min chart is too close to confirmation of its SHORT signal. If DOW futures sustains below 10361, it will be conformation of it SHORT signal.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
