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Wednesday, 5 June 2013

DJIA Futures Daily & Weekly Update

 There are two scenarios present on Weekly charts: BULLISH and BEARSIH.
On both level of 14258 is the Key Level.
Currently some sort of corrective pullback is expected: for bulls this would be wave 4 in blue circle, for bears  wave 1 to the downside. One of this scenarios is wrong and time and wave progression will tell which one it is:

On Daily chart is preffered main BEARISH count. Currently price is on Monthly Pivot point of 15088.33 pink dashed line. Any break to the downside will expose previous wave four area @ 14998.


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