Dow Jones: 17485
Equity demand
Global Equity markets faced drop around the world , where continues drop of Oil threaten inflation for more drop , while Russian surprising rate hike placed demand for haven
Short-run
market managed to fell below 17200 support zone which added more drop over equity , where market anticipate Fed to head next year for rate hike
as long as market holding trades above 17000 a rebound correction may be expected toward 17700 zone , below 17000 expect 16600-700 zone
market managed to sustain rebound where facing now resistance at 17500 zone , while above this zone expect 17650-700 zone target
Long-Run
as we mentioned at the end of last year and early this year , Dow managed to head toward near 18000 by the end of this year
Daily Trend: Down
Weekly Trend: Up
| Support | Resistence | |
| Level 1 | 17200 | 17500 |
| Level 2 | 16975 | 17650-700 |
| Level 3 | 16700 | 17765 |
