Dow Rally Support

The continuation of the Dow's strength can be seen in the uptrends seen across the intraday charts.  The 240 minute Dow has formed a Rising Wedge as prices found support at the 10,200.  However as prices are congesting on the daily time frame, the Initial Trend is also reading a low current trend with the single bar reading.  This suggests that the trend is weakening to a quiet sideways, cycles which is likely to be defined by the 10,438 high and 10,185 low.