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DJIA: Remains positive from a technical perspective

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Momentum: MACD: Positive RSI: Positive Trend Stochastic: Sell signal in overbought territory Daily Price Action Trend: Positive Last relevant high: 16,664.3 Last relevant low: 16,278.0 Comment: The Dow rallied yesterday; in fact we are getting the feeling that just watching the oil price will dictate where the Dow is going to close! Needless to say price action is the most important indicator and we are now in a positive daily trend with a new buy signal. Oddly like the FTSE we didn’t have

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