Dow Jones: 17300
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 twice so far at market
market may hold short-run trading zone between 17000 – 18100
as long as market holding trades above 16970 market will hold chances for another rebound toward 17900-80 zone , while below 16970 market may initiate new downtrend wave that may target 16200 zone
market managed to re-test 17150-200 zone again this week which provided good zone to re-long-buy market , where target now will set toward 17900 , while market risk would place stop order below 16970
Daily Trend: Down
Weekly Trend: Up
| Support | Resistence | |
| Level 1 | 17150 | 17485 |
| Level 2 | 16975 | 17665 |
| Level 3 | 16800 | 17900 |
