Asia has traded the Dow sideways after a gap on downside. Europe started trying to push the index under the last top support level. When I write this, just now the break on downside is clear and the Dow is falling now at 11.306. The main picture on 2 hr chart very bearish.
The breaking point was 11.330,5. Low now 11.306 and a rally is now going on to test if 11.330, 5 is really broken. Watching 5 min chart closes. The rally seem to reach only 11.319 and now the low at 11.306 is being tested again. A break below this level and the Dow is in a clear bear trend. Now a break down below 11.306 and a five minute close at 11.304,5.. The final confirmation will come if the 2 hr chart at 10:00
closes below 11.336.
Dow is now testing the 11.319 rally top again. Waiting for the 2 hr close now. Meanwhile the index is trying to build a bottom formation on 5 minute chart to rally up to the 11.330,5 level. 19 minutes to go before 2 hr close.
The breaking point was 11.330,5. Low now 11.306 and a rally is now going on to test if 11.330, 5 is really broken. Watching 5 min chart closes. The rally seem to reach only 11.319 and now the low at 11.306 is being tested again. A break below this level and the Dow is in a clear bear trend. Now a break down below 11.306 and a five minute close at 11.304,5.. The final confirmation will come if the 2 hr chart at 10:00
closes below 11.336.
Dow is now testing the 11.319 rally top again. Waiting for the 2 hr close now. Meanwhile the index is trying to build a bottom formation on 5 minute chart to rally up to the 11.330,5 level. 19 minutes to go before 2 hr close.
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