Dow on 3 white soldiers?
I have a brief look at Dow, just like STI I am getting a little confused by its divergences. On one hand, Dow has 3 white bars moving up, this is a three white soldiers with indication of bullish tendency. On the other hand, the indicators are peaking off. RSI is more prominent with signs of momentum slow down.
Fig 1 Dow Daily Chart
Another sign comes from the Gann Grid lines which will be resisting further advances. There is a high chance that Dow is correcting today.
Labels: DJIA
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