July 16, 2010

Dow Jones Futures before opening bell

UPDATED CHART
  • RIGHT NOW TRADING BELOW THE SUPPORT LINE.
  • DAILY CANDLE CLOSE BELOW THIS LINE SHOULD GIVE GREAT JOY FOR THE BEARS.
  • Dow Jones Futures 4 hour chart
  • The index tried to go above 10360 area but faced resistance and came down.
  • Now any upside targets are possible only on a strong break of this level.
  • DOW JONES ANALYSIS AFTER CLOSING BELL
By at

2 comments:

  1. lookerJuly 16, 2010 at 7:03 PM

    hmm can this be considered a broadening top? =/ or is it an ascending triangle which will break up to the top side eventually?

    ReplyDelete
  2. SanJuly 16, 2010 at 9:07 PM

    @looker
    It turned out to be another bearish broadening pattern

    ReplyDelete

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