Dow Jones 2014-12-15

0 8

Dow Jones: 17350

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.

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 ( Which is Triggered ) ; at market as we advised last week

Short-run managed to hit below 17700 this week which hit the market for farther drop toward 17400-500 zone as we advised before

Zone of 17400-500 can provide good zone to re-long-buy market, while as long as market holding trades above 17200 the uptrend wave will sustain

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 17400 17570
Level 2 17290 17680
Level 3 17195 17760

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

Leave A Reply

Your email address will not be published.