BitterSweetMarkets

DJIA Approaching important Weekly trend line Resistance.

INDEX:DJY0   DJIA
27 0 2
As we finish this week in positive territory, we also approach the important weekly trend line . A pullback here is likely, until the dip buyers pile back in. A break and hold on the daily above the trend line would suggest further upside is imminent, thus being a buy signal. With minor resistance areas along the route we can expect to re-test 2015 May highs. Failing to breach the trend line would send the market plunging back towards low 17000s.
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