July 9, 2010

Dow Jones analysis after closing bell

WEEKLY CHART
DAILY CHART
HOUR CHART
  • The weekly chart is looking like a triangle and the resistances in lower time frames are not working. So the 50 week moving average or the triangle can only stop the bulls now.
  • The daily chart shows today's action finishing  at the 20 day moving average. Above 20 DMA it will try to go beyond 10200.
  • The hour chart is showing a bullish crossover 20 crossing 50 hour moving average so this will add to the strength of the bulls.
  • NEXT TARGET WILL BE THE 61.8% FIB RETRACE LEVEL CLICK HERE TO SEE THE CHART

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