Jul 11, 2010

Short term forecast / Краткосрочна прогноза

short term I expect DJ to hit ~10320. At this level is the resistance and the upper line of the falling trend channel(see the daily charts from the weekly review). We can just go higher and hit the level, or have a short pullback and then rally to resistance.
I think we will see 1 or 2 sideway days, because we have MACD divergence on the 15-min chart and on the 1h chart the histogram has downward slope. You can see on the charts how it can look like with the support and resistance levels.
Lets see what will happen Monday and Tuesday. Be patient now its too late to chase it the risk is too high.

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