Stock Market Summary - July 15 2010
The Dow Jones was down over 250 points or 2.5% and closed real close to the low of the day.
Long term DJIA direction: Down - The Dow Jones is still in the final formation stages of a head and shoulders stock pattern. The final confirmation of the pattern is if the Dow breaks below $96 or invalidates the pattern by closing above $10,600.
Short term DJIA direction: Down - The short term direction is resistance at 10,400 and now heading down. The next resistance is $9,600 on the previous low.
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