Dow analysis

ChartMan

Legendary member
5,580 46
Still managed to hold onto 9075 support, testing it 3 times today. This should be a safe haven for a while....Yesterdays minor support at 9188 has now turned into resistance. The DOW established essentially a trading range of 110 points today.The day ened up well into positive divergence giving reason for a positive day tomorrow. Slowly slowly, I suppose, and the critical points are obviously the support established at 9075 and the resistance at 9178/9188. A break out side of these could be decisive for the rest of the week.The 100 MA is at resistance too, making this point more important.There on up we are looking at 9265 for resistance.On the down side, support at 9010.
 

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