Technician

DOWI Testing a long term trend line

INDEX:DOWI   DOW Industrials
1191 8 43
Hello Friends, excuse me for the recent absence, i was in a break doing some personal stuff.. And happy to be back :)...

Looking at the U.S. markets , the DOWI             is testing a interesting levels. Latest test of this trend line was in October of last year, here is another retest and some sort of rejection. If we break back above the 52 week average we might retest the highs again. A break down below the trend line will bring focus to the next major long term trend line for the complete bull market starting from 2009             .

My best regards
Technician
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Good to have you back
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Missed your
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Welcome back Technician! Missed your point of view / analysis on the markets! =D
+1 Reply
Appreciated buddy
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Glad you are back Technician! Are you watching any currency pairs?
+1 Reply
Technician TOP RickMusick
Thanks, still scanning :D.. Soon will publish some ideas.
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Yes, DOWI is doing a dance on the edge. Linear regression channel (with the default deviation of 2) from the 2009 low to the last all time high:

snapshot


snapshot
+1 Reply
ChartArt ChartArt
Double EMA and Triple EMA of the useless 200 day look back length:

snapshot
+1 Reply
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