Pivot support moving forward is now 1538-1548.

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The 21-day moving average stands around 1534, right above the recent pivot of 1530.

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The five-week modified moving average rises to 11, 402 with the annual pivot at 11, 491 and monthly and quarterly risky levels at 12, 091 and 12, 507.

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The weekly chart for the Dow Industrial Average remains negative on the weekly close below the five-week modified moving average at 11, 471, which is below my annual pivot at 11, 491.

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This week, I predict that the Dow will stay in the Bernanke post-FOMC trading range with downside limited to the 200-week, 120-month simple moving averages at 10, 714 and 10, 568, and the upside getting stuck by my annual pivot at 11, 491.

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