June 24, 2010

Dow Jones S&P 500 and NASDAQ Hourly chart

DOW JONES HOUR CHART
S&P 500 HOUR CHART


NASDAQ HOUR CHART


  • I have shown the hourly chart of Dow Jones, Nasdaq and S&P 500.
  • All the 3 charts has 50 Hour SMA and Ichimoku cloud shown with it.
  • Looking at the 3 charts Dow Jones looks better than the other two. Dow is still to break below the cloud.
  • Nasdaq is trying to break out of the channel and has to go through the cloud to reverse the trend an uphill task.
  • S&P 500 looks the weakest of the lot.

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