As we wrote last week, the DJIA is weakening in its ascent.  In fact, the index has tested the resistance of the trading range and hasn’t broken through that yet.

Although the index ended higher on the last day of the week, it was generally a down week as it ended at a lower level than the previous week.  Again, the 100-day moving average is serving as support.  Strangely though, the DJIA can’t seem to break free from it.

The MACD’s fast line has already crossed below the slow line giving us an indication of weakness in its current state.  This could be the indication we’re looking for to take profits for the coming week.

The run was good while it lasted.  Now, it’s time to cash in.

Recommendation: Take profits
Resistance: 8182