This is my Force Index indicator. As you can see the indicator has crossed the zero line back into the "GREEN". This is a "BUY" signal on the DOW. This means that the DOW could be about to make a move to the upside in the short to mid-term. However there is a "Pivot Point" resistance level (blue line) at 33,992 on the 3 month (1 day bar) chart so the upside on the DOW may wel be limited in the short-term.
Although the DOW Jones fell by 96 points today the "BUY" signal I gave yesterday turned out to be correct because intraday the DOW moved up to 34,179 so from the close yesterday of 33,889 the DOW had moved up 290 points.
This is my Force Index indicator. As you can see the indicator has crossed the zero line back into the "RED". This is a "SELL" signal on the DOW Jones. This could mean that the DOW is about to move to the downside in the short to mid-term. There is a "Pivot Point" resistance level (blue line) at 33,992 on the 3 month (1 day bar) chart.
This is my Force Index indicator. As you can see the indicator has crossed the zero line back into the "RED". This is a "SELL" signal on the DOW Jones. This could mean that the DOW is about to make a move to the downside over the short to mid-term. There is a "Pivot Point" support level (pink line) at 32,160 on the 3 month (1 day bar) chart.
This is my Force Index indicator. As you can see the indicator has crossed the zero line back into the "GREEN". This is a "BUY" signal. This means that the DOW could be about to make a move to the upside in the short to mid-term. There is a "Pivot Point" resistance level at 33,992 on the 3 month (1 day bar) chart.