Dow Jones 2015-03-17

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Dow Jones: 17880

Equity on a bigger consolidation pattern

On the longer-term as long as market trading higher than 17,000 us dollar for the index ;then it is an buy opportunity to target $20,000.

short-run

Market on short-term is in a correction phase would target 17250 in case is traded below 17500 , while in case market continued its up swing and crossed 18000 then our longer-term target of 20,000 would be most probable. Moreover , the range which the market trading inside it would be also continue till this week FOMC statement

Daily Trend: Down
Weekly Trend: Up

  Support Resistence
Level 1 17680 17900
Level 2 17460 18010
Level 3 17250 18155

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