20110524 - Nasdaq Composite Technical Chart

Weaknesses for Dow Jones Industrial Average and Nasdaq Composite indices, more to come? | Technical Analysis | US Stock Markets

Last night, the US markets are not spared from the full brutal sell-down triggered by the resurfacing of European debt issue and slowing China economy. Minutes into the opening bell, close to 130 pts was shaved off from the Dow Jones Industrial Average Index with main Dow Jones Components all affected. Dow Jones Industrial Average has been consolidating in a downward channel since early…