Dow Jones Industrial Average (DJIA):
19 October 2016, Wednesday, 10.30am Singapore Time
Testing successfully deep into 200 weeks moving average to confirm the sustainability of a long term uptrend.
Testing of 50 weeks moving average as support has been successful in 2016 and negated shortists' attempts to turn the 50 weeks moving average as resistance. Markets want another big wave up.
Testing of 50 weeks moving average as support has been successful in 2016 and negated shortists' attempts to turn the 50 weeks moving average as resistance. Markets want another big wave up.
Absorption of selling in a 2000-point range was detected; DJIA was then resisted at 18,000 points before it stood above 18,000 points; from the 18,000 point mark, market signals that it intends to rally beyond way 20,000 points for the Dow Jones Industrial Avg. To rally beyond 21000 points is a also guarantee based on the volume flow. Stock markets all over the world are to be hyper bullish for the rest of 2016 and 2017. Rising boats are not to be missed.
DNA Technical Rating:
【Worldwide stock markets to have synchronized super rally in 2H-2016 and 2017.】
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