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In our previous post, we had stated that on Thursday May 25, the Dow reached 11,211. It crossed the 11,200 mark and is now at the lower border of the channel.
It remains to be seen if it can maintain this upward move. It looks promising till now.
Well, the Dow opened the session higher and closed the day witha 68 point gain.
The index is trying to move into the upward channel. If the index moves below 11,000 then it is bearish.
Here are some Uptrending and some short sell candidates.
I am waiting for the Dow Jones Index to turn GREEN and go back into the channel completely.
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