PRICE AND TURNOVER
Close 12,160.30
Change -108.78 (0.89%)
Volume 597.4M
MARKET BREADTH NYSE
Net Advancing Issues -553
Net New High -34
Net Up Volume -1,060,985,131
TRENDS
*PROVISIONAL PRIMARY DOWNTREND | Directional wave | Prior support 11634 | Prior resistance 13136
*INTERMEDIATE DOWNTREND | Broken trendline | Directional wave | Prior Support 11731| Resistance 13136
*SHORT TERM PROVISIONAL DOWNTREND | Directional wave | Prior Support 12076 | Resistance 12610
TECHNICAL ANALYSIS
Today's lower close suggests that the Dow may have found resistance earlier than we expected. This should not really be a concern because we already know that the trend is declining. In a clear downtrend, the high probability trade is to be short and not to trade long the short lived correction rallies.
Close 12,160.30
Change -108.78 (0.89%)
Volume 597.4M
MARKET BREADTH NYSE
Net Advancing Issues -553
Net New High -34
Net Up Volume -1,060,985,131
TRENDS
*PROVISIONAL PRIMARY DOWNTREND | Directional wave | Prior support 11634 | Prior resistance 13136
*INTERMEDIATE DOWNTREND | Broken trendline | Directional wave | Prior Support 11731| Resistance 13136
*SHORT TERM PROVISIONAL DOWNTREND | Directional wave | Prior Support 12076 | Resistance 12610
TECHNICAL ANALYSIS
Today's lower close suggests that the Dow may have found resistance earlier than we expected. This should not really be a concern because we already know that the trend is declining. In a clear downtrend, the high probability trade is to be short and not to trade long the short lived correction rallies.
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