InvestingScope

Dow Jones: Sell opportunity within the Channel Up.

Short
TVC:DJI   Dow Jones Industrial Average Index
DJI is trading within a Channel Up on the 4H chart ( RSI = 55.798, MACD = 115.900, ADX = 32.013) since late June. Today the MACD made a red cross, the RSI has already since Aug 11th hit its Resistance, and it looks as if the Higher High is priced in. We are expecting the price to touch the 4H MA50 once again around 27,100.



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