December 29, 2010

DOW JONES Resistance levels

  • Dow Jones monthly chart with previous resistance levels at 11670 and 11750.
  • Dow may find resistance between this level.
  • But Fibonacci levels are showing a clear breakout above 61.8%. 
  • If month closes above 61.8% and 11750 the positional bull will become stronger. Then the next target is 78.6% Fib level which is above 12000.

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