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Dow Jones – Extreme volatility expected into US NFP

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Momentum: MACD: Positive RSI: Positive Trend, in overbought territory Stochastic: Buy signal, moving into overbought territory Daily Price Action Trend: Positive Last relevant high: 17,786.4 Last relevant low: 17,399.0 Comment: The Dow fell marginally yesterday as we can safely assume traders reduced risk ahead of today’s non-farms. If a sell pattern is formed by the close of trading it is very likely that we would of formed negative divergence which is generally considered very bearish,

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