Dow Jones Technical analysis

CHARTY

Active member
119 1
Went short the future on the Dow. Bearish Harami last night, although of minor importance since not exactly at the end of long up-trend, minor negative divergence on RSI, Macd weakening, stochastics overbought, rate of change on 5 days indicate clear loss of momentum, with major negative divergence, however note that on-balance volume gives positive divergence! Still speculative short, I will watch for 10,000 to be broken at the end of day as confirmation of more downside. No financial advice intended
 
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