DOW Futures 22nd July 2009 recap

DOW Weekly and Monthly


US markets are trading around their Weekly and monthly highs, but not dropping below support levels intra-day.

There is a Thrust pattern in the 3rd Quarter trying to send markets higher, but after 9 days of not testing any 50% levels, I would like to think that eventually price would move into a 'stall' pattern.

That would be towards the 5-day lows.

However, Friday closes above these upper levels, there is a good chance markets will continue higher.