DOW 30 is trading as per our analysis. Dow 30 settled at our mentioned resistance of 17890.This level indicate some panic as DOW 30 at 17897 may not be able sustain this level and may trade lower as Bollinger upper band limit may retrace it to give some correction.
DOW 30 is bullish above 17890 and if current trend maintained, one see next resistance building at 18100-18115.This is unlikely to be touched in short term as panic may be there for short term on account of weak global cues.
Support is intact at 17761.Below this next support at 17720.Below this DOW 30 is weak and may test 17460 level.
A negative 7.62 MACD indicate a short term panic at current levels.
More will update soon!!
