Today's range for the DOW has been small, 11.733-11.893. The high 11.893 is technically a very important resistance point on the daily chart, 11.892,9 to be exact.
The next important resistance point is from the weekly chart at 11.943. Finally a very important chart point is 11.959 which is 61,8 % of the total drop from high to low the last several months.
There are other resistance points at the 2 hr chart but I leave them for now. The weekly, daily and 2 hr trends are up. The one hour downtrend has been broken on upside. However the weekly and daily chart is very much above their 8 MA:s.
Right now a second attack is at important 11.893 again.
The next important resistance point is from the weekly chart at 11.943. Finally a very important chart point is 11.959 which is 61,8 % of the total drop from high to low the last several months.
There are other resistance points at the 2 hr chart but I leave them for now. The weekly, daily and 2 hr trends are up. The one hour downtrend has been broken on upside. However the weekly and daily chart is very much above their 8 MA:s.
Right now a second attack is at important 11.893 again.
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