Dow Jones Industrial Average Index

TVC

DJI (Derived Data)

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DJI hourly chart analysis

Dow Jones Industrial Average - historical monthly chart analysis.

Critical for Dow to stay above marked place else bears will get an upper hand.

Double bottom may form with RSI DIV

Wait for double bottom and then only take look for upside

Dow Jones Index has made a double top and now threatening to fall below support. Looking at the charts and the extent of rally we had for past 2 years...we may be in for a big correction and the correction we are seeing may just be the beginning of a long term bear market in US markets which may spread all over the world.

A break below 200EMA could lead it to rest the bottom support again. How DJI opens on Thu will be very important to the overall global volatility.

Short DJI at CMP (25756+) T1: 25510 T2: 25400 T3: 25280 SL: 25982

IHNS and trend line breakout..

#DJI Chart

very bulllish turnover can be seen

Explained on the chart

1) Dow Jones Industrial Average is still above its 50 week EMA. 2) It has formed a double top with a bearish divergence on RSI and Stochastic oscillator. 3) An ascending triangle formation is possible is the lower trendline is not violated.

DJI channel and support

For Observation. As of now GAP down Opening & maintaining, Also in Fib R 0.886 of "AB" Can we see same in Indian Indices on Monday..... have to wait for 45 hours.

Dow Jones: Formed Bearish ENGULFING. Cautious for INDIAN Market Too. Trade With Hedge in Nifty Future.

Dow Jones: Perfect "V" in Hourly Chart