DOW Futures: Finally the confirmation is here.

For the past couple of days, DOW was struggling to get the SHORT confirmation and now it is a reality. I am referring to the four hours chart.  The LONG which confirmed on 6^th July has now ended….

 

The 8 Hours chart is on its way for SHORT confirmation. If it sustains below 10219 for the next 8 hours, the confirmation will be there too.

 

However, DOW futures have to close below 10061, at the end of the trade to get the daily chart confirmation. We will have see how thinks pan out. Since it is a break down day, it is not an ompossible task.