HOUR CHART
DAILY CHART
- Dow Jones futures hour chart is showing negative divergence.
- One should take a close look at the channel that has developed in hour chart. Channel break can give good direction today.
- I would like to see a down side break because of the negative divergence that is developing. But one should wait for the breakout of the channel to enter the trade today.
- Daily chart is entering the zone of 10230 - 10350. If you see towards the left side of the chart you will notice price hanging around this region for quite some time before taking the next direction. So above 10350 it will positive. Below 10230 correction can happen.
- S&P 500 end of day analysis
- Dow Jones analysis after closing bell
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