Dow Jones 2014-12-26
Dow Jones: 18015
Equity demand
Global Equity markets faced drop around the world , where continues drop of Oil threaten inflation for more drop , while Russian surprising rate hike placed demand for haven
market managed to fell below 17200 support zone which added more drop over equity , where market anticipate Fed to head next year for rate hike
as long as market holding trades above 17000 a rebound correction may be expected toward 17700 zone , below 17000 expect 16600-700 zone
Short-run
market managed to sustain rebound where managed to hit our target 17700 , while market sustain uptrend movement where resistance of long-run uptrend channel laying at 1800-100 zone
market may head for another drop correction where short-run still seeing trading zone between 17000 – 18100
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: Down
Weekly Trend: Up
Support | Resistence | |
Level 1 | 17895 | 18050 |
Level 2 | 17780 | 18100 |
Level 3 | 17685 | 18250 |