DJIA

Fig 1 DJIA Daily Chart

My last up-date on Dow Jones mentioned Dow was going up, it did the next 1 1/2 day or so at least. Unfortunately it started falling yesterday. Dow has created sort of an inverted hammer. While Stochastic is up, RSI is turning down. Further more,

Zooming out, Dow also seems to be forming a rectangle with upper envelop @ 10,316 while lower envelop @ 9,753. If successful it will have an objective of 9,208. On the other hand, it become a double or tripple bottom, the objective would be 10,878. But then with toppish indicators, it is likely to head south.