DOW closed Thursday 11.823. Big picture now

Here is Dow 2 hr close locked between rising 8 MA and falling 21 MA. Break will come Friday up or down. Difficult predict now.

Dow weekly bars. This week - the last bar is holding within last weeks bar. The rising 8 MA will rise steeper up for three to five weeks. I do not expect Dow to stay below this MA. That means continued sideways trend or upwards. The 34 MA will start next Monday to go steeper down. All I want to know is if the 8 MA will cross 34 MA or not.

No comments:

Post a comment