October 1, 2010

Dow Jones analysis after closing bell

DOW JONES SPOT DAILY CHART
DOW JONES FUTURES DAILY CHART
  • First chart is the dow jones spot chart in daily time frame.
  • Index had a negative day But has managed to close above the 10 DMA.
  • Second chart shows the Dow jones index Futures chart in daily time frame. The candle for the day has Violated the ascending Channel. 
  • The fact that the channel was violated is Negative. If one daily candle close outside this channel we may see sharp correction in the coming days.

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