September 20, 2010

Dow Jones Futures Hour chart analysis

  • Dow Jones futures hour chart with Fibonacci retrace levels.
  • Dow Jones futures went to 10600 levels last week but could not sustain above 10600 levels.
  • Now the retrace of that correction is going on. Dow is trading near the 50% fib ratio. If it manages to cross 50 and 61.8 levels  we may see another attempt to reach 10600 levels.
  • If finds resistance near 50% the index may go below 10500

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