July 3, 2011

DOW JONES Weekend Update

  • Weekly charts shows Bullish medium term out look.
  • But the Volume and overbought stochastic is showing some hope for bears only if price confirms by showing some negative price action. 
  • Price is expected to hit the upper Bollinger band in weekly time frame soon. A minor hurdle at around 12658 if price sustains above this level price will hit the upper Bollinger band.
  • S&P 500 WEEKEND UPDATE