The Dow closed higher yesterday up 132.79 points at 10450.95 and tested another new high at 10495.6 following spillover from major regional market that closed firmer. The wide range bar candle stood higher above the middle Bollinger band = market uptrend remained intact. Bollinger band width continue to narrowing = the uptrend correction phase might not yet ended. MACD Histrogram has stopped falling and stay unchanged = buyer returned to the market only for a short term intraday gain. A mixtured of signals suggested that the market could still trade side way range bound.
No comments:
Post a Comment