- As expected from the below chart the correction is getting deeper
- Dow Jones futures gave a good breakout above 10360 Yesterday and was followed by a near 100 point rally. But the index was not able to sustain at higher levels.
- Today it has given away most of the gains. We had an intraday dip below 10360.
- If the index goes below 10360 again the correction may become deeper.
- As long as the index trades above 10360 long trades can be initiated.