INDU Dow Industrials Weekly Chart Secular Inverted H&S

INDU Dow Industrials weekly chart showing the inverted H&S from the March 2009 bottom. 6600 head and 9000 neckline yields 11400 target that was achieved at Halloween. It is prudent to expect a back test of this 11400 level.

Histogram is showing negative divergence but the RSI is long and strong saying that it will want to see the price up at previous levels again. This will give the RSI time to switch to a negative divergence profile. This action would show itself with an M top moving forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.