Disclaimer: For education/entertainment purpose only. Invest at your own Risk
The Dow opened the session in bullish fashion this morning and pushed steadily higher to the Close and ultimately ended the day with a 105 point gain at 11079 from the previous value at 10974.
If the index crosses the upward resistance at 11200- 11300 then the trend can turn bullish.
At present, even though the bars are green in color, the blue moving average line is still trending downwards.
So, the current trend is sideways...that is neither bullish nor bearish.
It is safer to stay in cash and not make new investments till we know where the trend is headed.
(c) Dreamtai Stock Trading Software
