June 16, 2010

Dow jones End of day analysis

POSSIBILE RESISTANCE
FALLING WEDGE IN LINE CHART
DAILY CHART

  • The first chart is the 10 minutes chart of dow jones.
  • It shows the possible resistance zone for tomorrow.
  • The second chart shows the falling wedge which i mentioned earlier.
  • The third chart is the most important one. The price is now trading above its 200 day moving average. and has also captured the 20 day moving average.
  • And a bullish candlestick pattern can also be seen a white marubozu. Let's see if this gets any follow up tomorrow

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