DJIA 0.31% 26,683 dow jones industrials

djia : resistance at 12880

  1. 1,248 Posts.
    DJIA : Resistance at 12880

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

    Weekly Cycle Pivot Center : (12319) - (12375) - (12539)
     Normal Lower Limits : 11271 - 11774 - 11842
    Normal Upper Limits : 12976 - 13237 - 13367

    Weekly Cycle Projected Series : ... 11786 - 11899* - 12011 - 12067 // 12123* - 12179 - 12236 - 12292 - 12348* - 12404 - [12460] - 12516 - 12573* - 12629 - 12685 - 12741 - 12797* // 12853 - 12910 - 13022* - 13134 ...

    Weekly Cycle Congested Area : (11345 - 11688 - 12032 - 12375 - 12718 - 13061 - 13405)


    Remarks : The weekly cycle congested area indicates that the market has a tendency to trade between 12032 - 12718. The market will dissipate its upward momentum when it retreats and trades within the weekly cycle pivot centers at (12319) - (12375) - (12539). As shown in the monthly cycle charts a projected resistant point is positioning at 12880 and the market is under pressure when it is below the projected chart point at 12637.


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