Head and Shoulder on DJIA
I am not going to show the DJIA weekly chart again (Just used it last week), instead I will use the Daily Chart.
Fig 1 DJIA Daily Chart
Base on the daiy chart, I can see a weak formation of a head and shoulder with objective of 10,653. DJIA has just broken the neck line yesterday and as long as it stays below 10,958, the formation should be prudent.Support is seen at 10,827.
Labels: DJIA
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