December 12, 2013

DOW Jones Analysis after closing bell

  • Dow Jones Daily chart shows bearish reversal candles working well for bears. Price is not testing crucial support levels
  • Bears need price to close back into the channel shown in second chart for a bigger downfall to happen.
  • Last chart shows price testing 23.6% Fib level and lower bollinger band. Price need to close below these levels for bears to extend gains.

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