DJIA 0.31% 26,683 dow jones industrials

djia : resistance at 12516

  1. 1,248 Posts.

    DJIA : Resistance at 12516

    Monthly Cycle Pivot Center : 12516 - 12697 - 12699
     Normal Lower Limits : 11790 - 11857 - 11883
    Normal Upper Limits : 13243 - 13515 - 13536

    Weekly Cycle Pivot Center : 12289 - 12460 - 12500
     Normal Lower Limits : 11277 - 11786 - 11823
    Normal Upper Limits : 13134 - 13177 - 13300


    Remarks : The market was able to pick up some support around 12228 in the last session. The low and the high was 12227.72 and 12464.06 respectively. As shown in the monthly cycle charts the market is basically vibrating around the projected chart point at 12395 with an expected magnitude of 12153 - 12637 for the time being. Speculative buying interest will increase when the market is trading above the weekly cycle pivot center at 12289 - 12460 - 12500.


    DJIA : Monthly Cycle Charts
    http://www.qindex.com/djia.html
    Albert Cheung (Ph. D.)

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.