Thursday, December 1, 2011

DowJones technical chart with Ichimoku Kinko Hyo | 01-Dec-2011

Below is the technical chart of DowJones with ichimoku Kinko Hyo indicator.

DowJones technical chart with Ichimoku Kinko Hyo
DowJones technical chart with Ichimoku Kinko Hyo


Around 25-Nov-2011 and 28-Nov-2011, DowJones managed to get support inside kumo, which was a very positive sign. Kijun-line was also flat, and thus it attracted price. The result is DowJones again started its bull run and managed to close at 12045 (+4.2%) in the last trading session. 12268-12284 is the immediate resistance. CLOSING above these levels will start another bull market in US in speedy way.

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