On Friday, the Dow Jones Industrial Average broke and closed above key resistance. As shown below, the index broke above the neckline of a reverse head and shoulders pattern, which is a bullish technical formation. This opens up quite a bit of upside room to run before any new resistance levels come into play for the Dow.
Tuesday, December 27, 2011
"Dow Reverse Head and Shoulders" (DIA)
From Bespoke Investment Group:
