Again We saw DOW 30 consolidate for few session as it could not breach mentioned resistance and since then in same trend among global and economic news and also due to hanging FOMC meet.
Dow 30 opened 17999 and from there made high of 18043 and made low of 17935 showing range bound session and closed at 17990 with 13 points increase to the index.
Immediate Resistance is again intact at 18100. If this is breached positively and sustained one see Next resistance at 18160.
Support intact at 17940.If this is not sustained one see next support at 17886-17830.
RSI of positive 67 indicate that buyers are waiting for global uncertainty to clear and then they may enter aggressively after consolidation phase is over.
MACD of negative 13 indicate that DOW 30 may remain in consolidation for some time.
More will update soon!!
