Dow Jones 2014-11-12

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Dow Jones: 17535

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 jump above resistance 17440 last week, which sending signals of ability to sustain advance toward up

short-run indicators showing that as long as market holding trades above 17200 target will sustain toward 17600 , 17700 and 17850

Daily Trend: Up
Weekly Trend: Up

  Support Resistence
Level 1 17200 17600
Level 2 17150 17700
Level 3 17000 17850
Short-Term Strategy: flat


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