Dow Jones 2015-05-27
Dow Jones: 18060
Continuation the uptrend
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. . However , on the chart we can see the market was trading within the channel ; however , the market has penetrated that channel for upside move which means more upside momentum on the short-term. .
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So market will be ranging with up slope until 18,200 ( Penetrated it already ! ) then 18,500 would be the coming target (Higher probability scenario )
Daily Trend: Down
Weekly Trend: Up
Support | Resistence | |
Level 1 | 18000 | 18150 |
Level 2 | 17950 | 18250 |
Level 3 | 17780 | 18500 |