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Trincafe
Oct 26, 2014 2:39 PM

DJIA/YM Mini Is Ready For Action! 

Dow Jones Industrial Average IndexDJ

Description

This week, the bulls and bears are going to fight for control of the direction of the market. Bulls will be wanting to take the YM higher in hopes of reaching 17k. Durable goods, FOMC, GDP and Jobless claims all this week will give both bulls and bears a lot to digest.

I am neutral... AKA, prepared to go either way.
Comments
Trincafe
The area of 17k on this chart has been reached, RSI looks to be at an extreme. Maybe ina day or two I will be bearish for the short term.
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