Disclaimer: For education/entertainment purpose only. Invest at your own Risk
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On Wednesday, the Dow closed at 11,613 which is 72 points higher than the previous close of 11,540
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.
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Photo credits: dipfan
Here are some stock picks ...Careful!! They are high momentum, high volatility sizzling stocks !!
SYX
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SIM
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MFRI
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PHLY
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GIGM
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MEH
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