DJIA Index: Breaking below the upward trendline

The trendline is now the resistance point
Daily chart of the Dow Jones Industrial Average showing the upward sloping trendline. The trendline has been broken.

DJIA Index Daily Chart

Reference the last chart analysis for the Dow Jones Industrial Average posted on April 6, 2012 showing the projected retracement zone.

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

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