DOW 30 settled at our mentioned resistance and looking highly bullish for upcoming session if current trend in it continues. On previous Session it opened at 18024 and from there made low of 17984 before again showing some pull back and making high of 18101 before settling at 18053 up by 50 points.
DOW 30 has immediate resistance at 18150.Above this DOW 30 is highly bullish.
Support is intact at 17910.If this is breached negatively one see support building at 17790.Below this trend may reverse for short time which is unlikely as DOW 30 seems to be in bull run.
RSI of 70 indicate that more aggressive buying may take place for short term followed by correction at upper Bollinger band limit.
MACD of positive 5.79 also confirms the short bull trend before correction could dominate among weak global cues.
More will update soon!!
