Dow Jones 2014-12-04

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Dow Jones: 17920
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.
AS well the ECB decision about QE would support equity further , moreover , NFP numbers for Tomorrow could push equities further to records high.
market managed to jump above resistance 17440 last month, which sending signals of ability to sustain advance toward up
market managed to hit 17875 last week , while market still trying to test resistance of 17940-70 zone
zone of 17940-70 may give short-sell opportunity at market
Daily Trend: Up
Weekly Trend: Up

  Support Resistence
Level 1 17700 17940-70
Level 2 17600 18060
Level 3 17480 18150


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