DJI, Daily Chart Analysis 9/27
Implications and Outlook
DJI Index as well as the currency, initially jump higher on Wednesday: however, only to tumble back by the close. The exact about-turn took place during the press conference, however, seems to be as though market dealers are dismissing the numbers.
The Index at this point retreated from its fresh highs for a third consecutive day to meet Trade Selector Signal model Mean Support at 26408. The trend model remains on a short-term bullish, since the weak downtrend is intact, while Key Resistance 26746 looming above.
DJI Index as well as the currency, initially jump higher on Wednesday: however, only to tumble back by the close. The exact about-turn took place during the press conference, however, seems to be as though market dealers are dismissing the numbers.
The Index at this point retreated from its fresh highs for a third consecutive day to meet Trade Selector Signal model Mean Support at 26408. The trend model remains on a short-term bullish, since the weak downtrend is intact, while Key Resistance 26746 looming above.
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