Dow jones end of day analysis

DAILY CHART

WEEKLY CHART

DAILY CHART

• As you can see from the above charts today was a bullish day.
• The first chart shows the price reversing from a falling wedge pattern. Targeting 10400 and above
• The second is the weekly chart. If this week closes above 10200 Then the weekly chart will also become slightly bullish.
• But the third chart shows were bears might come in. The price has managed to close above the 10 day SMA. But stopped short of the 20 day SMA. 
• And remember the price the 10 day moving average, the 20 day moving average everything is below the 200 day moving average.
• So this reaction might be a retracement towards the 200 day moving average before falling deep.
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