The sharp downward sloping trendline(s) in $INDU were pierced through and DJ managed to closed above it, indicating a short term downtrend is in >> hopefully !!
Its nice to read your work , Try to post a chart with your analysis, it will help members and non members understand your work, share their insights and learn from your experience.
I don't think that the Downtrend in US markets is over ,rather i would say US markets may witness slight upward momentum within the downtrend. I need to see DJIA close above 12841 but until then i would rather be comfortable bearing rather than bullying!
