September 1, 2010

Dow Jones futures before opening bell

CHART - II
  • Channel break gives a good rally as discussed below
  • 10240 region is crucial for bulls. any weakness at this region can give a pull back in favour of bears
CHART - I
  • Dow Jones futures is looking positive today. 
  • Index has managed to rally till the resistance line of the channel.
  • Now the area between 10130 - 10150 is crucial. Resistances are strong around here. If price is able to sustain above 10150 a good rally is possible.

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