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Dow Jones approaching weekly resistance

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Dow Jones (USA30), Weekly Following Chair Yellen’s more Dovish comments and the relatively bullish jobs report the USD continues to weaken and the US stock markets continued to rally. From the February lows the S&P500 (SPX500) has rallied 11% (from 1818 to 2020) and the Dow Jones Industrial Average (USA30) has performed even better adding 2230 points from 15,590 to 17,820 a gain of over 14%. The Surging Yen this week has caused some selling off in the equity markets but where do we

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