Dow Jones Industrial Average: Daily Technical Chart
Momentum:
MACD: Positive
RSI: Positive Trend
Stochastic: Buy signal, in overbought territory
Daily Price Action Trend: Positive
Last relevant high: 16,944.3
Last relevant low: 16,510.5
Comment:
The Dow ended higher yesterday making it a hat trick of positive sessions and also forming a new relevant high. Not to feel like we have cut and paste directly from the FTSE report! But the US non-farms at 13:30 London time will dominate the who trading session and generally speaking today session will be very volatile, clearly the market is designed to make a fool out of analysts at every possible opportunity so if we have a flat session please do not feel the need to write in! But trading is the constant pursuit of gambles that are in our favour. It is unlikely that any trades today will have simple requirement.
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