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Trading Dow Jones: Upward momentum coming to an end?

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    DJIA Technical Analysis: Daily Chart Momentum: MACD: Positive RSI: Neutral Trend Stochastic: Buy Daily Price Action Trend: Neutral Last relevant high: 16,486.0 Last relevant low: 15,503.0 Comment: The Dow rallied again yesterday as oil and tech stocks ended positively. Just like the FTSE, the Dow made a higher high, even though this milestone was made by 0.2 points and therefore turned the price action neutral. We note that the stochastic has started moving into overbought territory and that

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