Dow

Medium Term: Support 9435, 9103 Resistance 9924

• Uptrend , price movement at Bollinger upper band., 2 weeks pullback at 9435 support is confluence with 38.2% Fibo and suspect to rebound next week.
• RSI, Stochastic , ADX all moving sideways since end Jul therefore suspect the price movement to remain in range bound unless MACD bearish crossover .

Short Term: Support 9435, 9273 Resistance 9647

• 9435 support is confluence with 38.2 Fibo and 50d MA. A “hammer” suspected the price to rebound.
• MACD bearing, heading south and stochastic heading 20% is bearing. Head and Shoulder suspect potential trend reversal !

PLAN:

Long

• For short term gain, when one or more of the following appears:

          MACD histogram 4R1G
          Stochastic bullish crossover
          MACD bullish crossover.

Short

• When price movement breaks 9256