5 days ago on boxing day, i am pinning my last reliable uptrendline to provide a resistance for me. Not surprisingly, the index closed 1 point above the 2009 uptrendline! If the bull could hold on above that trendline i would have turn bull. For the next two trading days, 2009 trendline hold up really well that price is able to KISS goodbye on both days but never allow to break up again. I see that momentum is making a lower high. 1134 will be the 1st support
P.S. the big shots are on holiday leaving the junior to just follow strict instructions. Once big boys are back in action next week, another rejection by 2009 uptrendline will mean alot to me
Comments
jdouce03
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Completely agree. Nice work.
jangseohee
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DJIA futures is up 133 points, meaning Russell 2000 not giving up on the resistance trendline yet :-)