DJIA closed last Friday up 22.75 point at 10388.90 with extremely high volume transacted forming a doji bar candle. Price managed to hold on closing right above the middle Bollinger band with the band width continue to hold tighter = the side way range bound market to continue. MACD Histrogram recorded lower reading = seller could possibly building up their position. Stronger US dollar shadowed world major market to closed red with exception of the Nikkei that espaced the negative closing. The negative sentiment even excelerate with rumors on possible rise of interest rate in the US. Overal expecting a side way downside biased market tonight.
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