Browse Stacks: Analytics: Seasonality: djia.png

djia.png

Dow Jones Industrial Average $INDU. Volume declining. Slow stochastic indicates that move up is on an elastic band that will pull it back down. At best I cannot see this moving up higher than 18,500 and how is it going to do that without volume and momentum and during the summer holidays? Can't see anybody propping it up whilst they are lying on a beach in the Bahamas after their big Q2 pay check.

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