Dow Jones holds the key support of 10,593
The daily chart of Dow Jones shows that price continues to get supported at the uptrend channel in green as well as price continues to hold above the 200-days Moving Average.
Last Monday, on the 2nd of August 2010, Dow Jones did a full bar break above the previous high at 10,593 shows bullishness in price. Price also continues to hold and close above 10,593 for the rest of the remaining days till the week close.
As long as price continues to move inside the uptrend channel, next potential resistance would be 10,729 and subsequently the 10,909 levels.
Immediate support would now be 10,593 where previous resistance turns support at the moment.
Alternatively, Dow Jones may continue to build a base between the levels of 10,593 to 10,729 highlighted in the red zone above.
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