• Sunday, 12 July 2009 16:14
• Last Updated Sunday, 25 July 2010 07:44
• Written by Desmond Wira

Dow Jones moved up last week, closed at 10,424. What will happen to Dow Jones this week? This article will analyze what will happen to Dow Jones this week

Chart below shows Dow Jones movement until Monday 26th July 2010. Dow Jones closed at 10.424

Right now, Dow Jones is breaking out the short term downtrend (red circle). MACD line is above the signal line, which shows bullish signal. RSI shows it is near over bought. Last Candle has long white body, and this indicates strong signal for bullish. Based on these indicators, this week Dow jones tends to go UP and test 10,600 level.

Support = 10,017

Resistance = 10,600

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