I have not one clue about why this market is behaving the way it is right now . . . The exponential moving averages and the simple moving averages on the DIA
suggest that the market is very bullish
. MOREOVER, if one takes a look at the ADX
indicator, the RSI
indicator, the Stochastics indicator, and the MACD
indicator, all of these indicators suggest a pullback on a Daily chart
. HOWEVER, although the indicators suggest a pullback, strangely enough they tell a different story on a weekly chart. MOREOVER, on a weekly chart the indicators display massive divergence in this market that has been building up for SEVERAL MONTHS!! Furthermore, now that the month of October and November are quickly approaching, then perhaps one would need to consider some precaution, for it may be possible that this weekly scale divergence may unfold during the coming months . . .