Dow Jones analysis after closing bell

• Dow Jones Industrial average closed 144.33 or -1.39% Down.
• Dow Jones has broken its 50 day and 20 day moving average. The index has closed below its 50 DMA after trading above it for 20 days.
• The index has started moving away from 200 DMA. There is a support at 10007 level. If this level is taken out the fall will become faster.
• 38.2% Fibonacci ratio has also been taken out. Tomorrow the action will shift towards the 50% retrace level unless the index gets a good gap up which is highly unlikely.
• DOW JONES FUTURES CHART HITS THE TARGET