Wall Street index comes to a cross roads

This is a daily chart for wall street stocks.  I m expecting a rise in the DOW30 index as it meets a long term support and also a trend up.   Also the moving averages have a positive gradient to them.

The grim news occurring globally makes a selloff obvious but the chart trend shows its more then possible a gain is registered for this week especially as dollar index worth continues lower

Chart talk through - http://www.youtube.com/watch?v=JYcc3baY2og

US Dollar weak

Daily 

4 hour bar chart

Troubled BP shows itself to still be within an uptrend

About midway in an ascending channel or a 61% recovery of its 2010 highs