Dow Jones Industrial Average Technical Analysis
The Dow Jones Industrial Average ( DJIA ) is possibly forming a broadening triangle. A broadening triangle has bearish implication and it is usually accompanied by expanding volume. Unfortunately, volume data is not available in my charting software so it is unable to serve as a confirmation. However, a RSI bearish divergence has clearly formed so it is wise to stay vigilant.
Labels: Market Direction
posted by Market Wizards @ March 01, 2013
