Dow Jones 2015-03-09
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
short-run
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 |