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DJIA: No need to be bearish

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Momentum: MACD: Positive RSI: Positive Trend, moving into overbought territory Stochastic: No clear signal, in overbought territory Daily Price Action Trend: Positive Last relevant high: 17,529.0 Last relevant low: 16,821.8 Comment: It has now been five positive session for the Dow on the bounce and the market has recovered all the loses in the calendar year! Crisis? What Crisis! Anyway, I’m sure the bulls are super positive and the bears are as doomy as ever, we simply follow the market

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