For the last 2.5 trading days, tuesday, wednesday and friday, DOWT was rejected at 9200 on each attempt.
In fact, when oil plunge on Friday morning when trading resume, DOWT broke the 9200 resistance but it was short-live.
By mid-day, bears broke out of the cell and push the index from 9310.22 down to 9198.20 making a "Shooting Star".
I am wondering who let the bears out and would this bear strong enough to defeat the strongest bull of all time? :-)
Another death cross (blue) would add more momentum to the bears.
In fact, when oil plunge on Friday morning when trading resume, DOWT broke the 9200 resistance but it was short-live.
By mid-day, bears broke out of the cell and push the index from 9310.22 down to 9198.20 making a "Shooting Star".
I am wondering who let the bears out and would this bear strong enough to defeat the strongest bull of all time? :-)
Another death cross (blue) would add more momentum to the bears.
beware of breakdown, thats all i can say, but i ma bullish bias
for at least another year