Dow Jones

Down Jones very nice on the up trend channel.. once break the 10470 with mark the new up trend...

Dow Jones Chart Reading

The Dow closed lower on Thursday as it consolidated some of Wednesday's rally. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought and are turning bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 10,197 would confirm that a short-term top has been posted. If the Dow extends this month's rally, the 75% retracement level of the January-February decline crossing at 10,505 is the next upside target. First resistance is last Friday's high crossing at 10,438. Second resistance is the 75% retracement level of the January-February decline crossing at 10,505. First support is the 20-day moving average crossing at 10,197. Second support is the reaction low crossing at 9,983.