Dow Jones 2015-01-15

0 1

Dow Jones: 17280

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

market face support at 17175 where as long as market holding trades above this zone market will hold chances for another rebound toward 17900 , below 17175 market may head to test 17000-50 zone

below 16975 market may enter new downtrend wave that may target 16275 zone

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

Daily Trend: Down
Weekly Trend: Up

  Support Resistence
Level 1 17175 17385
Level 2 16975 17535-85
Level 3 16800 17720

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