Advertisement

Friday, October 12, 2018

Dow Jones Broke Its Uptrend Line

Yesterday DJIA broke its long-term uptrend line at 25200. If there is no recovery, DJIA will follow Nasdaq which broke its uptrend line at 7700 on October 9. 


Chart 1: DJIA's weekly chart as at Oct 11, 2018 (Source: Stockcharts.com)


Chart 2: Nasdaq's weekly chart as at Oct 11, 2018 (Source: Stockcharts.com)

We have to wait and see whether US markets can stabilize next week or go down further.


No comments: