DOW Futures 29th June 2010 Daily recap

"Trend bias is to continue down towards the July lows next week, with the daily lows less probability of support on Tuesday

If short the DOW, continue to hold the trade until next week"


DOW Weekly and Daily range.

Monday’s Weekly 50% level rejection has set-up a continuation of the trend down into the June lows and towards the July lows…

Daily lows on Tuesday weren't going to hold, as a last week of the 3rd month will more often than not trend downward into the Monthly lows.

This was set-up with Monday's price action and Weekly 50% level resistance.

Possible 3rd Quarter target as far as 9124 (Yearly 50% level)






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