Dow jones analysis after closing bell

• Dow jones is now marching towards the 50% retracement of it fall from 11250 to 9757 
• Dow had a small dip today after it broke its hourly trend line. And it went down till 10330.
• 10330 being earlier resistance gave it support as expected. But on seeing the amount of negative divergence i thought that area will not hold. But dow jones took support there 
• And one more important thing is that this is the third consecutive close above the 200 day moving average which is good news for the bulls.
• But the 20 day moving average is still below the 200 day moving average which is the last hope for the bears for the short term.