Dow Jones 2014-12-02

0 2

Dow Jones: 17785

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 month, which sending signals of ability to sustain advance toward up

short-run

market managed to hit 17875 last week , while market still trying to test resistance of 17920-40 zone

zone of 17920-40 may give short-sell opportunity at market

Daily Trend: Up
Weekly Trend: Up

  Support Resistence
Level 1 17700 17850
Level 2 17600 17920-40
Level 3 17480 18080

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