DOW 30 looked highly bullish in previous session and as it surged 0.24% sustain its rally and settling at 18096.DOW 30 is bullish and expected to continue this trend.
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 71 indicate that more aggressive buying may take place for short term followed by correction at upper Bollinger band limit.
MACD of positive 10.04 also confirms the short bull trend before correction could dominate among global cues as they seem to be emerging.
More will update soon!!
