It is making a falling channel formation at present. It may drop to a maximum of 9977 and take off to 10500-630 region later on (may not in a single day).
Majority of this drop can occur in Futures trade and before US market starts. This process can bring most markets to the negative zone.
Finally, US markets may open negative and by the end of its trading time, we should expect it to completely reverse the drop and close in the positive zone.
This is my price action expectation for DOW today. But such data sensitive market can behave anyway during its trading time.
Hence we will re analyze the situation when required.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
MASTERSTROKES
