Thursday’s Technical Outlook for the DJIA (.DIA)
The DJIA rose 51 points, or 0.28%, to 18,041.55 after the no tell FOMC policy announcement.
The DJIA rose to a weekly high of 18,084 before fading and finishing at the above mark.
The daily is showing a modest Bullish tone, as the index continues consolidating within last week´s range and above a Bullish 20-Day SMA, the technical indicators are slowly gaining some strength, but still lack momentum.
Near term, the 4 hours shows that the index advanced above a flat 20-Day SMA, as the Momentum indicator heads north within positive territory, and the RSI turned flat at 58. So, favoring the Northside, on an advance beyond Dow 18,084.
Support marks:17,982 17,919 17,826
Resistance marks: 18,084 18,165 18,220
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