The DOW monthly chart shows that the 20 month MA was indeed the low and what a strong monthly candle this is, right back to the 5 month MA. Support is now at 10 month ema, 10972. 50 day moving average is clear resistance at 11191. That is the test for DOW bulls going forward.
This entry was posted
on Thursday, June 29, 2006 at 3:36 PM.
