Tuesday, October 9, 2012

Dow Jones ~ Intraday ~ 9 October 2012

I added some support levels between 13520 and 13370. 13370 is still the support which must hold though if we want to see more upside before the election. If 13370 was breached, we would have a nice double top (13650) and the target for this formation would be 13000ish.

Short-term the market doesn't look healthy as long as it stays below 13560ish. Medium-term we're still in neutral territory (upper boundary at 13650 and lower at 13370).