Handsome gains recently, with some strange drops- well overdone and equally well over recovered. The Major level of 10,240 will be too much to overcome at the moment, I feel....The regression(10,180) line on the 10 min chart almost coincides with the 100MA (10,176), both of which are strong indicators of future direction. TA from the last consolidation at 10,128 has not moved up with the price action and can therfore be considered as Negative Divergence,or rather non confirmation. I see the DOW retracing back to 10,128 and then recovering to the 100MA/regression . I'd like to see further consolidation , where ever it may be, between 10K and 10250, before attempting further upside. At the moment it looks weak....but there is an outside chance of support being found at 10,224, remembering the DOW is at the breakout point from the major downtrend resistance line (10,240).
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