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Dow Jones – Momentum tilting to favour the downside?

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Momentum: MACD: Positive RSI: No clear trend, in overbought territory Stochastic: No clear signal, overbought territory Daily Price Action Trend: Positive Last relevant high: 17,811.5 Last relevant low: 17,399.0 Comment: The Dow dropped slightly yesterday, changing little on the technical picture. We note that the momentum indicators do seem as if they want to turn negative and we wouldn’t be surprised to see this happen if we have another fall in the market. A sell pattern will be formed

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