Minor trendline testing for DJIA

Last seen on monday, DJIA formed a doji or a hammer candlestick on the minor trendline. This seems to suggest that a short-term support has been found. We just gotta see whether this trendline holds this time.

Dow Jones Industrial Average:


SembMar seems to be doing good except that it is doing great heading south. Technically speaking, there was a prior gap up at $3.58 and it is acting as a resistance level. Today, it tested this level successfully as a resistance level so this should be a good entry point for shorts.

SembMar:


I added a link to the Fed meeting dates since they are important dates which can swing the market. It's troublesome for me to google it and access that URL from the search results. Now i just need to visit my blog and I will know the dates straightaway :)