DOW Takes A Breather

The DOW paused a bit along with the other indices today fueled by some weak jobs data, but the sell off wasn't that bad in the context of the daily charts. At the time of this post the futures were up for tomorrow. The daily chart shows clearly that we have broken the downtrend (as least temporarily) and the DOW has started to form a higher high. Lets see if we can hold the new uptrend line that's formed, and form a higher low. Note how the candle found support today on the backside of the downtrend line.

DOW Daily Chart