Dow Jones 2015-02-06

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Dow Jones: 17800

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 so far heading to complete the rebound correction toward 17850-900 zone

Daily Trend: UP
Weekly Trend: Up

  Support Resistence
Level 1 17665 17850-900
Level 2 17490 18000
Level 3 17250 18080

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

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