DOW

finished at 16739.95

www.dropbox.com/s/qmtotfzz2xqkk41/DJ30_D...6thsept2015.png?dl=0

Can't post a chart right now but believe the Dow has just closed above point 1 on a 123 low point 3 being at 16716 from memory so more upside to come me thinks can't see fed hiking rates that will be the catalyst for a big move Up IMO

I'm seeing that we are currently above the 16670 level(8:15PM),that all important level to the upside!!!

weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...Wb+EZA=&symbol=L^PMO

Monthly.
uk.advfn.com/p.php?pid=chartscreenshotsh...kpzxIE=&symbol=L^PMO

still no weekly/monthly close below the trendline on a very long term chart.

Daily hanging around the trendline atm.....
The bias has to be long until at least a weekly close below the trendline imho...

Regards,
Trendfriend

There are bearish flag/pennants on all main US indices.

If this breaks below 16197 which is the short term trend line then this could be heading a lot lower towards the recent low at 15370 area. This is based on 60 min chart.
Im expecting a bigger move down soon . Time will tell.
so be careful out there

60 min chart

dl.dropboxusercontent.com/u/4899609/dow60min10thsept2015.png

Nice triangle formation on the 60 min chart. SO ether way could give a nice trade when the break out comes. so keep an eye on this.
So long above 16670 as that's an important level to the upside.