Dow Jones 2015-03-04
Dow Jones: 18125
Equity on trading zone
Market managed this week to enter our targeted zone 18250-300 which will consider as take profit zone for the long-buy positions
market still facing resistance zone at 18250-320 zone , where as long as the daily close sustain below 18320 will expect another drop correction which may target 17200
market may hold short-run trading zone between 17000 – 18300
short-run
Market managed to head for drop correction after testing 18225 last week , while market still facing support at 18035-75 zone
as long as market holding trades above 18035 the market may sustain advance to test 18250-300 zone . (already done this week)
from another hand, if market managed to hold trades below 18320 will expect another drop correction movement toward 17200
Daily Trend: UP
Weekly Trend: Up
Support | Resistence | |
Level 1 | 17775 | 18300-20 |
Level 2 | 17625 | 18420 |
Level 3 | 17490 | 18500 |