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Bulls of DOW JONES Against a cluster of resistance

  • Dow jones daily chart is shown with the resistance area of 12000 - 12300.
  • Bulls are about to clear this level. Price has made a fast rise from the recent fall. Earlier price took support at the base of Ichimoku cloud as shown in the chart.
  • If price closes above 12300 the upward momentum will gather momentum.
  • Failing to clear this level on closing basis will favor bears.
Posted by San at 10:07 PM

1 comments:

Dorai Raj said...

Hi San
Congrats on your first birth day.
Is this dow daily analysis posted everyday and if so at what time ( US /IST)?

Keep up your good work.

Regards,

April 7, 2011 at 10:00 AM

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