Important Stocks To Watch - Stocks At Or Near 50 MA, 200 MA, Chart Patterns

DJI

Hi Stephen

The DJI hourly chart look like double bottom, isnt it ?

If it is then whats the implication, short term rebound ?

BR

Tom Ek

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Feb 09, 2018
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Look at the futures for short term direction.
by: Stephen

Yes there is a double bottom in the hourly eod chart. But you need to look at the futures. See the chart, if it breaks down from the 60 min consolidation then it will go lower. On the other hand, if it can stabilize and go back above the 60 min 20 MA then short term it might bounce up.

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