Dow-The coming days effect.

#1
Dow Last close is 10002.It have broken is 9975 support in intraday,good thing was it closes above that level.
Daily chart suggest that here from now it can touch 10220,which is the immediate resistance.But on chart it is trading below the medium term upper trend.which means it is negative territory.chart given below.
After very Long time MACD signal is in negative territory.

Dow Weekly chart suggest that the bearish phase which has started may remain for some more periods.After Mar 09, first time its MACD signal has negative crossover. Which clearly says there is pressure in the coming days.
 
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