October 30, 2012

Dow Jones Chart analysis

  • Dow Jones weekly chart with the rising wedge shows price nearing the rising support line.
  • Second chart shows price closing the week below Middle bollinger band or 20 Week SMA. If sustains below this level price could move down towards 50 Week SMA.
  • Daily chart shows price trying to hold above 38.2% Fib level. Below this level 200 Day SMA may act as support.
  • APPLE WEEKEND UPDATE
  • IWM WEEKEND UPDATE
  • S&P 500 WEEKEND UPDATE
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