Dow Jones 2015-01-14

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Dow Jones: 17480

Equity on trading zone

Dow managed to hit zone of 18000-100 last year which provided good zone to re-short-sell market as we advised before

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, which already done last week

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

market managed to restore strength after testing 17150-200 zone

market managed to rebound from our support zone 17150-200 where market hit target of 17800-900 zone

only a daily close above 18125-50 would activate a new uptrend wave


as we mentioned at the end of 2013 , Dow managed to head toward near 18000 by the end of 2014

Daily Trend: Down
Weekly Trend: Up

  Support Resistence
Level 1 17425 17585
Level 2 17375 17720
Level 3 17250 17860


or practice on DEMO ACCOUNT

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