DJI Update for week ending 13 September 2019

Week update for week ending 13 September 2019
In Bull territory.

Projected range for upcoming week 26733.23 - 27705.76
Price Projection: 28040
HMA: Neutral Bull
Bull RSI: Bullish
Bear RSI: Neutral Bear
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 25339.16 - 27306.7
Price-Trend: 1.3x ATR

Daily for 13 September 2019
In Bull territory.

Price Projection: 27816
HMA: Strong Bull
Bull RSI: Bullish
Bear RSI: Bullish
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 27105.0 - 27306.7
Price-Trend: 2.6x ATR


Comments: Be concerned about 27500. This can be a resistance zone and an area where the tide can turn back down. The way the strength is formed, we should blast this level apart. Yet, a warning still needs to be given.

** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **