As expected DJIA is trapped between the red support of the potential diamond pattern and the dual resistances of both the 200EMA and 200SMA. A strong upthrust above these 200 moving averages will most probably be halted by the green resistance of the potential diamond formation.
The red support will probably be tested again if more shocking news are released. The diamond will be negated if there is no clear breakout by the time the index reaches the apex which is tentatively around mid Oct 2010.
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