Trend - Up
Momentum - Near Overbought
Resistance - 12200 (DJI now at resistance)
Support - 11200
Candle - doji + shooting star
Volume - Average.Last week, the recovery of the DJI was impressive. Things to observe was the insider news about the co-ordinated banks bailout occurred on last Wednesday, but on 25 Nov, the volume just disappear into half. This was a very usual volume especially for DJI, and such signal always indicated some form of bullish reversal - "Price down with low volume". However, DJI index is now trading at the past resistance level. Breaking through needs some strong economic data, else index should be trading momentously down.
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