Dow Jones 2014-11-06

Posted on

Dow Jones: 17400

Equity demand

with Equity market managed to obtain drop correction with less than 10% which indicating the sustain of Long-Run uptrend wave

market managed to jump fast in U.S equity after the last U.S GDP which indicating better than expected economic growth in U.S.A.

market managed to hit another historical high at 17420 , where market still testing this resistance since yesterday

as long as market holding trades below 17425 some drop correction toward 17200-50 will be expected , while above 17440 market may sustain advance toward 17600-700 zone

Daily Trend: Up
Weekly Trend: Up

  Support Resistence
Level 1 17200 17425
Level 2 17150 17550
Level 3 17000 17630
Short-Term Strategy: flat
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