When I performed technical analysis on DOW index 2 months chart, I saw some clear and easy prediction on where DOW is headed. Once DOW index broke 10,350 in late May, there were
already two retracements back to 10,350 since then and we could see another retracement for the third time.
already two retracements back to 10,350 since then and we could see another retracement for the third time.
I confident that we will see another rally to this level by early next week. What happens next is anyone’s guess but I have a feeling that it could break this resistance at 10,350 and start heading higher. If DOW fails to break its resistance, then we can easily expect it to go back down to its support at 9800 level.
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