Tuesday’s Technical Outlook for the DJIA (.DIA)

Tuesday’s Technical Outlook for the DJIA (.DIA)

Tuesday’s Technical Outlook for the DJIA (.DIA)


US stocks closed higher Monday led by tech stocks that bounced after last week’s losses.

But Apple’s stocks ended 0.1% lower, posting the 8th straight loss in a row, the longest losing streak since July 1998 finishing at:

The DJIA rose 117 pts, or 0.66%, to close at 17,891.16. The S&P 500 gained 16 pts, or 0.78%, to 2,081.43, the NAS Comp advanced 42 pts, or 0.88%, to end at 4,817.59.

The DJIA’s move stalled just below its 20-Day MA, in the chart, the technical indicators turned slightly higher within Bearish territory, presenting for the most a Neutral to Bearish stance.

Shorter term, the 4 hours shows that the index is now above a Bearish 20-Day SMA, as the technical indicators bounced from oversold, but remain below their mid-lines, suggesting the risk is towards the Southside, particularly if the benchmark index is unable to advance beyond Monday’s intra-day high at 17,912.


DJIA 17891.16, +0.66% is oscillating in the range of 17500-18100 during the last few days now, forming a Volatile Top formation. Unless the index moves above 18200-300 in the next 5 trading sessions, Bearish pressure will likely increase

Support marks: 17,849 17,791 17,752
Resistance marks: 17,912 17,993 18,068


Stay tuned…

Paul Ebeling

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.