DowJones technical chart | 28-Dec-2011

Below is the technical chart of DowJones on weekly time frame, using Ichimoku Kinko Hyo indicator.

As mentioned in my previous post about the major support level of DowJones, it got support at 11744, exactly on kijun-sen line. Now, it has crossed that level and on weekly chart, it’s trading above kumo. So, the major support level is at 12212. In the next few trading session, it will take rest on this level before moving further up.