Sunday, May 17, 2015

U.S. Airlines Index is bearish as it trades below the Kumo (cloud)

$DJUSAR



Daily Chart
  • U.S. Airlines Index turned bearish in April although trading has been choppy all year
  • Kijun Sen seems to be offering support around 247 and is flat
  • Tenkan Sen is below Kijun Sen and is flat which shows no momentum
  • Leading Kumo is red which is bearish
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