Will there be a breakout or a double top?
Dow Jones Industrial Average Daily Chart
The major trend, intermediate trend and near-term trend are all up. On Balance Volume (OBV) is confirming the uptrend. And the DOW is trading above the 50-day and 200-day simple moving averages.
The Dow Jones Industrial Index is testing a major resistance point.
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“Always trade in the direction of the major trend”
Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.