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Dow Jones – Further decline ahead?

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Momentum: MACD: Sell RSI: Neutral trend Stochastic: Buy signal, moving into overbought territory Daily Price Action Trend: Positive Last relevant high: 17,962.3 Last relevant low: 17,484.3 Comment: Like the FTSE the Dow retreated on Friday as falling oil prices and generally weak corporate reports had traders moving away from the market. The Dow also completed a sell pattern on Friday, which will remain in play assuming that by the close of trading: 17,937.8 hasn’t been bettered without

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