Dow Jones: 17790
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
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
short-run now facing trading zone between 17700 – 17950 , while below 17700 market my head for farther drop correction toward 17500-25 zone
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