Dow Jones price action positive, but indicators remain negative

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Dow Jones Industrial Average - Technical Analysis Momentum: MACD: Sell RSI: Bearish trend moving out of overbought territory Stochastic: Sell signal Daily Price Action Trend: Positive Last relevant high: 17,811.5 Last relevant low: 17,399.0 Comment: The Dow rallied yesterday clawing back the loses from the previous session helped by a strong move higher in oil. From a technical point of view we remain with a bearish view from the momentum indicators but the market finished towards the high of

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