DJI experiencing a new congestion

The DJI is going upwards in a step-by-step way, congesting and breaking upwards. Many are saying that it is peak time but, despite the low volume, the uptrend
keeps itself alive.

Trend Reversal Check Update

Looking at the DJI Daily and the YM Futures charts, it is possible to suspect that the index will move sideways before heading up or down.

DJ Futures Weekly update

Although it seems that we've already had a trend reversal in the daily charts, the weekly chart shows that there's space for a last move upwards before a major market correction.

DJI tests primary downtrend line and retreats

The DJI tested the primary downtrend line today and retreated down to the first Fibo retracement. Although Bank's stocks closed some points up in the after market, it is better to see how we'll close tomorrow to get a better picture of where this market is heading to.

DJI congestion break out

Today we had the DJI upward break out with low volume. Anyway, next resistence is at 8300. Many are betting that tomorrow we'll have a secondary top formation, which I think it's reasonable given the NASDAQ chart above.

Diamond Break Out

Diamond break out upwards. Quite impressing. Anyway, there's a chance of top formation ahead so, it's time to shorten the stops.

DJI next target move

The market is moving sideways but the bearish feeling is on. After six weeks of upward movement and the break out the rising wedge, I think the shorter side is going to be favored in the next days.

Rising Wedge breakout?

This week will show us if this rally will take some rest or continue all the way up. The market may go on sideways before heading down to the 7400 zone.