Disclaimer: For education/entertainment purpose only. Invest at your own Risk
On Friday, the Dow closed up at 11,392 which is 60 points higher than the previous close of 11,331
Trend is still bullish as long as it is contained in the upwards trending Bullish Channel.
Now, 11,300 has become the support. If the Dow tries to go below 11,300, it will face a great resistance.
If however, the market turns down so bad that it goes below 11,300 then Dow will no longer be in a bullish trend.
It will again go into sideways trend.
Photo Credit: by brainsik
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