Dow Jones 2016-02-23

Posted on

Mini Dow-Jones

16525

As we see over the chart, market seems heading to build rising wedge formation which may push the market to test 16700-15 zone

from there will expect another drop correction where support at 16450

as long as market holding trades above 16450 will expect the short-run to sustain inside this formation

below 16450 expect 16245 and 15985

above 16715 market may sustain advance toward 16850 and 17000

  Support Resistence
Level 1 16450 16700-15
Level 2 16250 16850
Level 3 15985 17000
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