Dow Jones 2014-12-08

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Dow Jones: 17900

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 last week pushed equities further to records high.

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

short-run

market managed to test our projection target zone of 17950-90 , where market is expected to face resistance as long as market holding trades below 18000 zone

zone of 17950-90 provided short-sell opportunity at market as we advised last week

Long-Run

as we mentioned at the end of last year and early this year , Dow managed to head toward near 18000 by the end of this year

Daily Trend: Up
Weekly Trend: Up

  Support Resistence
Level 1 17700 17950-90
Level 2 17600 18060
Level 3 17480 18150
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