9 AUG 13, 10:45 AM
WEEKLY TREND: UP (ABOVE 15400)
DAILY TREND : SIDEWAYS
The US Market (DJIA) is in weekly up trend, you can see from charts. This is definitely not a start of a trend but it may be middle or end of trend.
The RSI indicator which in bottom of the chart shows a Divergence between the price and also gives a sell signal. when you see a divergence, you can expect consolidation of price or end of the trend. The last bar of the chart is bearish bar, so there is high probability of consolidation is underway.
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