Dow 30
DOW 30 looks to be in a bull run for long time tracing itself along upper and middle Bollinger band limits for quite some time and as mentioned by us settled near its resistance of 17930 therefore settling at 17919 with 18 points on Thursday with just 0.10% gain to the index.
S&P settled near its upper Bollinger band limit making a Doji pattern indicating a short correction in upcoming session if resistance is not sustained.
DOW 30 has immediate resistance at 17930.If current level is sustained one see new resistance building at 18030-18055.Above this DOW 30 is highly Bullish ad may test 18140 if trend continues which is unlikely in short term as correction may be eminent.
Support is intact at 17840-17820.Below this there can be panic and DOW 30 may become weak and test 17780 if trend is reversed completely.
More will update soon!!
