December 13, 2013

Dow Jones analysis after closing bell

  • Dow Jones closed below 23.6% Fib level. Next support level is the price zone near 15700 from were price gave a small bounce.
  • Rising 50 Day SMA and 38.2% Fib level near 15700 will make it a crucial support zone for bears to close below.
  • Negative divergence in weekly chart seems to be playing out. Week closing near the lows will extend this downfall further.

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