Don't throw the baby out with the babies water.

I haven't yet given up hope of a rejection of the down-trend line....we just need a little faith.

First chart is the DJIA overhead resistence, that i think played out quite well and this weeks trading will give direction for the coming weeks (potential sideways). There is a clear touch and rejection, she is still in her up-trend and i think she will have another go at the overhead resistence.



Next up; is an up-close picture of the up-ward channel with overhead resistence drawn on it. As you can see a very nice touch a rejection but still in a up-ward channel.



Fianlly our beloved XJO. She didn't do what i was hoping for but such is life. I've drawn a possible scenario and maybe this time it will work.



NOTE; the XJO and US are moving fairly closely in terms of hitting overhead resistence at the same time...maybe it can be a perfect hit....time will tell

safe trading