The Dow Jones is still in the process of deciding where it wants to go. If you look at the 2 hour chart of the Dow futures you will realize the gyrations is still happening in a 2 hour chart ascending triangle. Let us be patient to see which way it wants to break out.
As you can see from the chart above, the Dow is trying to form a 2 hour ascending triangle. If it breaks above the horizontal resistance line we will experience a bullish run up. But do be careful if it breaks below the uptrend line.
While there is a lot of gyration, at least the markets is making higher highs and higher lows. This in itself is an encouraging sign.
Aug 17, 18 05:07 AM
In this lesson we will take a look at the technical developments of OKA Corp's stock price and why it moved the way it did. We will also have a look at what might happen to OKA's stock price.
Aug 16, 18 07:28 AM
In this lesson, we will learn how and why BMY manage to bottom out and start a new uptrend.
Aug 14, 18 08:19 AM
In this lesson we will learn and examine why Pentamaster was able to recover all of its losses to start a new uptrend and achieve new highs.
Aug 13, 18 05:56 AM
The KLCI is currently at resistance territory after a nice big rally. I would consider a sideways trading a possible scenario at the moment.
Aug 13, 18 05:22 AM
In this lesson, we will learn how AAPL's 15 Min stock chart formation help to send the stock higher for 2-3 days to give traders a nice swing trading opportunity.