DOW

Looking at The Weekly Chart below

It's Nearly the end of the week & today we may end up seeing that Hammer Formed on the Weekly Time Frame near to the 200 dayMa

www.dropbox.com/s/v2b931tc8fbi8k5/DJ30%2...thAugust%20.png?dl=0

If this breaks below 16197 which is the short term trend line then this could be heading a lot lower towards the recent low at 15370 area. This is based on 60 min chart.
Im expecting a bigger move down soon . Time will tell.
so be careful out there

60 min chart

dl.dropboxusercontent.com/u/4899609/dow60min10thsept2015.png

Nice triangle formation on the 60 min chart. SO ether way could give a nice trade when the break out comes. so keep an eye on this.
So long above 16670 as that's an important level to the upside.

There are bearish flag/pennants on all main US indices.

weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...Wb+EZA=&symbol=L^PMO

Monthly.
uk.advfn.com/p.php?pid=chartscreenshotsh...kpzxIE=&symbol=L^PMO

still no weekly/monthly close below the trendline on a very long term chart.

Daily hanging around the trendline atm.....
The bias has to be long until at least a weekly close below the trendline imho...

Regards,
Trendfriend

I'm seeing that we are currently above the 16670 level(8:15PM),that all important level to the upside!!!

Can't post a chart right now but believe the Dow has just closed above point 1 on a 123 low point 3 being at 16716 from memory so more upside to come me thinks can't see fed hiking rates that will be the catalyst for a big move Up IMO