RSI Edge Analysis – Dow Jones Index
DSIJ has broken down from a secondary price trend line. A swing low of 25130 breaking down indicates further correction in the prices. The primary channel is placed at 25850 levels.
The hourly RSI was unable to maintain its tread up and took resistance at an important bull supply levels. A surge move down is also noticed in the indicator. The key resistance levels are placed at 25410 and critical levels are at 25530.
– Bharat Jhunjhunwala MFTA, CMT, CFTe,MSTA