Dow Jones 2015-02-05

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Dow Jones: 17675

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 16900-50 market will hold chances for another rebound toward 17900-80 zone , while below 16900 market may initiate new downtrend wave that may target 16200 zone

market facing resistance zone at 17625-65 while above this zone expect 17850

Daily Trend: Down
Weekly Trend: Up

  Support Resistence
Level 1 17435 17665
Level 2 17215 17750
Level 3 17060 17850


or practice on DEMO ACCOUNT

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