DJIA tested another high of the year at 10513.52 but failed to sustain and retreated by down -18.90 points to closed at 10452.68. Looking at the daily chart, although price closed near the upper Bollinger band but the Dow seems trapped inside the Bollinger band width that getting tighter and tigher = range trading with upside biased movement. MACD Histrogram reading just slightly lower compare to yesterday = both buyer and seller are operating cautionsly. A break up and closed stay above the 10503 resistant line would be ideal in order for market to reach further upside or else should Bollinger band continue to turn inward, side way ranging market to continue.
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