DOW 30 has been weak for previous two sessions but last session was highly positive for DOW 30 as it traded within our mentioned levels. Dow 30 opened positively at 17783 and from here looked bullish and made high of 17912 before finally closing at 17891.
Dow 30 gained 117.52 points that is an 0.66% increase to the index.
Dow 30 has immediate resistance at 18000-18010.If These level are sustained and positively breached one see next resistance building around 18100 level.
DOW 30 has support at 17800.Below This DOW 30 may see some short term panic and we can see next support building around 17720-17700.
RSI of positive 41 indicate that there can be some range bound movement still to come in short term.
A negative MACD of 43 also indicate a weak short term trend ahead and DOW 30 may move at our mentioned levels.
More will update soon!!
