Dow Jones Industrial Average Futures Forecast October 25, 2012, Technical Analysis

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The Dow Jones Industrial Average futures fell precipitously during the session on Wednesday, as the 13,000 level was tested. The market fell and closed the very bottom of the range for the session, so it does look like bearishness will persist. We are more than willing to sell a close that south of the 13,000 level, as we think that would open up the floodgates of a bearish trend. We are also willing to sell rallies as they come, as it is apparent that something is changing momentum wise.

 

Dow Jones Industrial Average Futures Forecast October 25, 2012, Technical Analysis

Dow Jones Industrial Average Futures Forecast October 25, 2012, Technical Analysis

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About:FX Empire Analyst - Christopher Lewis

Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.

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