Dow Jones 2015-01-02

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Dow Jones: 17812

Equity demand

Dow managed to hit zone of 18000-100 last weeks which provided good zone to re-short-sell market

as long as market holding trades below 18100 will expect some drop pressure to start affecting market where another drop correction toward 17200 may be expected

market may hold short-run trading zone between 17000 – 18100

above 18100 market may head to test 18250 zone

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 17780 18050
Level 2 17685 18100
Level 3 17555 18250

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