December 1, 2010

Dow Jones Futures chart analysis


  • Price is trading near the resistance line of the falling wedge pattern in dow jones futures.
  • Price is approaching the 38.2% and 50% Fibonacci levels which may also act as resistance levels.
  • Up move can continue only if these two Fibonacci resistance levels are taken out. That also means a breakout from the falling wedge pattern.
  • DOW JONES ANALYSIS AFTER CLOSING BELL

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