Trading the DJIA: Oil pushed rally?

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Momentum: MACD: Positive RSI: Positive Trend Stochastic: No clear signal Daily Price Action Trend: Positive Last relevant high: 16,900.3 Last relevant low: 16,510.5 Comment: The Dow made it two positive days in a row yesterday but the gain was limited. Bulls can point to the fact that the market pushed to a new relevant high and closed just short of the high of the session. Then again we could just as easily argue that if oil hadn’t moved higher we might have seen the market in the red. Only

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