Dow Jones 2015-03-09

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Dow Jones: 17840

Equity on trading zone

Market managed last 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


Market managed to head for drop correction after testing 18250-320 zone , while U.S labor market data add more bets for the coming interest rate hike which add more pressure to dump U.S equity

Market managed to fell below 18010 last week where managed to head toward 17817 as we expected before for our targets toward 17800

as long as market holding trades above 17800 another rebound correction may hit the market toward 18010 , while below 17800 expect 17600 zone

Daily Trend: Down
Weekly Trend: Up

  Support Resistence
Level 1 17800 17900
Level 2 17700 18010
Level 3 17600 18155


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