Jean G, a Spiketrade member, writes – DJTA weekly has formed a perfect Morning Doji Star; a long bearish candle on the week ending Jan 23, a Doji the week after and a long bullish candle last week. The Doji is also an inverted hammer confirmed by the last week bullish candle. Also noteworthy is the small gap between the close (2965.89) on Jan 23 and the open (2964.24) on Jan 26. This gap is rare for an index but desirable for a Morning Star.

The Morning Doji Star is a strong bullish signal.