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DJIA – In a positive trend, but overbought on charts

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Dow Jones Industrial Average: Daily Technical Chart Momentum: MACD: Positive RSI: Positive Trend Stochastic: No clear signal, in overbought territory Daily Price Action Trend: Positive Last relevant high: 17,379.3 Last relevant low: 16,821.8 Comment: The Dow rallied yesterday making it four positive sessions on the spin as traders took the FOMC announcement in a positive light. We note that the market formed a new relevant high as the Dow slowly claws back its current calendar year loses.

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