Thursday, 17 September 2015

Dow futures offering clear trend lines on daily and 4 hour charts ahead of Fed

Dow futures are offering clear trend lines on daily and 4 hour charts. Not so many look at charts of this market as the S&P 500, but the Dow often conveys market emotion more clearly, in the form of clearer trend lines. I like to watch both, and act only if both markets give me signals that agree.


Daily chart suggests the market may turn down from parallel trend line resistance.



4 hour suggests that the daily chart "maybe" could be confirmed by a completed false upside break from the triangle. Til then favour further upside.



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