June 26, 2011

DOW JONES Weekend Analysis

  • First chart is the weekly time frame with price near support area and near the weekly supporting trend line.
  • Daily chart shows price closing in on 200 DMA.
  • Seeing the above charts i feel the weekly trend line and 200 DMA is likely to hold the index and a bounce from these levels is possible.
  • S&P 500 WEEKEND UPDATE