New Dow Jones Contract … DJI_ 5Z
16075
The Dow fell again, and return below support at the 16,200 level, there is a significant amount of support down to reach towards the 16,060 area again to go going forward to break 16000 level.
And as we see from Technical point of view , I do see the market has broken and retested that pattern and the downward pressure is the highly probable scenario, however , this is under one condition which is that the Dow Jones is traded below 16200s , Then we will wait a support test @ 16000s ,15500s respectively.
Finally, the lower probable scenario the market to be higher than the pivotal point which we mentioned and to be toward 17200s and 17500s levels !
| Support | Resistence | |
| Level 1 | 16250 | 16800 |
| Level 2 | 15850 | 17250 |
| Level 3 | 15300 | 17500 |
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