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Dow Jones: Sell opportunity.

Short
Dow Jones Industrial Average Index (CURRENCYCOM:US30)  
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CURRENCYCOM:US30   Dow Jones Industrial Average Index
Trend Analysis Chart Patterns Technical Indicators US30 DJI dowjones DOW dji30
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trendanalysis chartpattern indicator us30 dji dowjones dow dji30
DJI broke above the middle of the Channel Up (4H RSI = 75.071, MACD = 190.800, ADX = 49.424) that it is trading in since the June 15th bottom, and is currently consolidating. That middle line has been particularly important as on all previous occasions it provided a rejection. The MACD is also trading inside the July Sell Zone. As a result, we are expecting a pull back to the 4H MA50 and in extension the MA200.




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