Dow Jones 2018-08-15
As we see over our previous chart and as we advised in the last 2 weeks
Dow managed to break above 25250 which activated another advance wave as we advised before where managed to hit first target 25400 while still looking toward second target 25800
Above 25820 this wave may continue toward our Old Short-Run target 26100-200
While if market failed to break above 25820 another drop correction wave may hit market from there toward 25400 and 25200
Dow managed again to re-test our support zone 25100-200 which may again provide another advance wave toward 25300 and 25600
Below 25100 a chamnce for farther drop toward 24600-700 zone may hit the market
Support | Resistance | |
Level 1 | 25100 | 25300 |
Level 2 | 24925 | 25380 |
Level 3 | 24800 | 25600 |