Short term Technical Outlook of Dow
The Short term outlook of Dow is looking weak and it is trading in contracting triangle for the past 9 months. It seems to have a maximum upside potential of 10700 and it is likely to top out between 10500 and 10700.
Long term Technical Outlook of Dow.
The present rally from the low of March 2009 seems to be corrective and it is likely to be followed by a deep correction towards 6000 in coming months.
Nasdaq 2186
Short term Outlook of Nasdaq
Nasdaq is likely to top out around 2200 and it is likely to be followed by a deep correction towards 1800 in the short term
Long term Outlook of Nasdaq
The present rally from the low of March 2009 seems to be corrective and it is likely to be followed by a deep correction towards 1400 in coming months.
