Dow Jones 2015-01-07
Dow Jones: 17395
Equity on trading zone
Dow managed to hit zone of 18000-100 last year which provided good zone to re-short-sell market as we advised before
as long as market holding trades below 18100 will expect some drop pressure to start affecting market where another drop correction toward 17200 may be expected, which already done yesterday
market may hold short-run trading zone between 17000 – 18100
market managed to restore strength after testing 17150-200 zone
market now facing resistance at 17500 where above this zone expect 17740
as long as market holding trades above 16970 expect another rebound correction toward 17900
Long-Run
as we mentioned at the end of 2013 , Dow managed to head toward near 18000 by the end of 2014
Daily Trend: Down
Weekly Trend: Up
Support | Resistence | |
Level 1 | 17315 | 17500 |
Level 2 | 17200 | 17740 |
Level 3 | 17150 | 17900 |