Dow Jones 2016-05-04

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US30 Dow-Jones


Market managed to hit below 17775 in signs of more drop yet to come

as we see over our previous chart, market still trying to complete the drop correction toward targets , while market now facing support at 17540 which may be target for the short-run before a rebound correction may hit the market toward 18000 zone

below 17540 market may head for farther drop toward 17400-50 before hit any rebound correction

in general market facing resistance at 17850-915 where as long as market holding below this zone the downtrend pressure will sustain

  Support Resistence
Level 1 17540 17850
Level 2 17400-50 17915
Level 3 17250 18000-50


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