DJIA - white candle

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DJIA = 12,778.15 ()

DJIA forming a long white candle with higher low and lower high. Volume appears to be decreasing.

DJIA white candle with shaven bottom might indicate upward momentum in the short term.

I hope DJIA continues to form white candles with higher lows.

DJIA might feel some resistance at the 13,000 level.

I hope this positive outlook on the US stock market propels the local market to higher highs and higher lows.

IBM showed strong results, which helped the oversold US market achieve 3 digit gains.

There seems to be a rumor that a rate cut will be coming soon for the US, this seems to be the news thats pushing the US market to gains.

Good luck to all traders!
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