Join Dstockmarket's Community - Daily Market Analysis, Individual Stock Analysis.

Join Dstockmarket Telegram Group

Join Dstockmarket Facebook Page

Technical Analysis Of US Stock Market April 12 2018 Thursday

The Dow and the general markets are still on the brink of breaking a daily downtrend line. It might also be forming a mini triangle in the daily charts as the markets fight it out between the bulls and the bears.

Dow is still trying to decide where it wants to go. It is surprising how resilient Dow is amidst the trade wars and so many tensions.

Right now, the support area and the 200 MA will be an important focus area. I believe that as long as Dow stays above the 200 MA and also the support area, then the bias will be for a move higher for the Dow. If Dow breaks below this area, then we will have more selling.

Notice how Dow is also forming a mini triangle.

It really is trying to fight it out between the bulls and the bears. A break above the mini triangle as well as the down trend line will be good for the bulls.

  • Help support this page and press the Facebook Like button below. Thanks!

Join Dstockmarket's Facebook Page 

Recent Articles

  1. Chart Lessons Jan 1st Week 2021

    Jan 04, 21 11:30 AM

    In this week's chart lessons, we will have a look at bitcoin and other charts.

    Read More

  2. Bullish Weekly Bottoming Tail In The S&P 500 Dec 29 2020

    Dec 29, 20 07:47 AM

    We should continue to be bullish on the S&P 500 as a weekly bottoming tail forms in this uptrend.

    Read More

  3. The S&P 500 Is Still In A Bullish Uptrend Dec 22 2020

    Dec 22, 20 09:27 AM

    The SPX is still in a nice bullish uptrend, with it staying above the rising 20 MA and 50 MA.

    Read More

  4. Markets Rising As 2 Sets Of Electors Emerge For Presidential Election

    Dec 15, 20 09:53 AM

    December 14 2020 will go down in history as one of those moments where 2 sets of electors emerge for swing states in the US Presidential Election.

    Read More

  5. The US Waits For Results Of US Presidential Election - Remain Bullish

    Dec 07, 20 10:04 AM

    Despite mainstream media reports of a Biden win, Donald Trump is still contesting the election results.

    Read More

New! Comments

Have your say about what you just read! Leave me a comment in the box below.