Dow Getting Tired

DJIND-D 4-16-13

The Dow is starting to get a little tired on the daily level. The Uptrend Channel rests at 14568. A daily closing below 14450 will signal a correction short-term. Volatility starts to rise next week. The Oscillators are confirming on the daily level the market its tired. The big turning point is due the week of 05/13. Caution is now necessary. A breach of the 14450 level will warn of a retest of support. The critical support lies at 13010-13070.

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One thought on “Dow Getting Tired

  1. Good call on the direction al. Change for the euro. This week. However what fooled me was the run up on Monday with a closing abocvevthe daily bullish rev. Before turning lower today.

    Sent from my iPhone

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