The DJ30 index is trading above its upward trend line on a 4 hour time frame. The price is also trading above its 50 day and 100 day moving averages which are shown in yellow and red colours. If the 50 day MA crosses the 100 day MA from below which it looks like it is ready to do so, it will be even more bullish signal for the index.
The momentum indicators the MACD and the RSI are both trading near over bought zone therefore, a caution should be taken for any upward move. Nonetheless, they are confirming the price action move towards the upside.
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