There’s a break in the trendline on the Dow. From my previoud post on the Dow, the support happens to be a 23.8% Fib level. There is a good probability that the Dow can hit the last resistance level at 11,411 if the global economic outlook continues to improve and that there are no significant data that could rock the boat right now.
At the current moment, the Dow is indicating that Risk Appetite could still be in favor for a while.
To your trading success!
Singapore Forex Traders’ Blog