Dow Jones Industrial – Outlook For November 14, 2014

DJIA made a new all-time high last night (17.560). The trend is very bullish as long as price remains above 17.500. Below 17.500, next big level of support is @ 17.280, which is the September high. The market is clearly “overbought” here, but we have to respect the trend.

Dow Jones Industrial, 4-hour candles:

Dow 30(5 Hours)20141114120054

Chart courtesy of Investing.com. http://investing.com

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