The last hour tank by the US market last night signals that the market will be going through a period of weakness. Possible support levels are at 9900, 9825 and then 9625. If it tank beyond that, the current rally would be over and we might be going downhill for a while. This would be correction rather than a bear market. I have strong evidence to show that we might be rallying to 10,360 on the Dow before this sentiment will change.
Daily Chart of the Dow
My short term analysis is for the Dow to rally and hit 10,360 before any market tank to occur. My long term analysis is that the Dow will tank back to the March lows.
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