July 29, 2012

DOW JONES Chart Analysis


  • For the bullish momentum to sustain price must sustain above 12977 and 78.6% Fibonacci level.
  • Sustaining above these levels could take Dow Jones towards 13200 - 13300 levels.
  • Unable to sustain above the 12977 could result in a bearish week.
  • Last chart shows a weekly rising wedge pattern. If the rising wedge is held we might see a big breakdown from this pattern.
  • S&P 500 WEEkEND UPDATE



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