DOW 30
DOW 30 has been in habit of
following our mentioned and analysed levels and it moved in our previously
mentioned range on expected terms. DOW 30 was in same trajectory as S&P 500
as DOW 30 showed a bull run on expectation of BREXIT as investors and this was
taken positively by the market as Dow 30 opened positively at 17891 and from
there made high of 18011 before closing the highly bullish session at 18011
with surge of 230 points or increase of 1.31% to the index.
DOW 30has immediate Resistance
intact around 18050--18055.If this level is positively breached and sustained
then one see DOW 30 resistance building around 18010--18150.
DOW 30 has immediate Support
building around 17930--17900.If this level is breached negatively and not
sustained then one see next support building around 17850--17800.
RSI of 60 and increasing g
indicate that short term trend is improving as market seems to have factored in
all negative impending news and looking to build upside momentum as BREXIT news
seems to be taken positively by market but traders should maintain caution as
news of BREXIT could create some momentum panic for few session as global uncertainty
increases.
MACD of positive negative 25.75
also indicate that short term trend may
be improving in DOW 30. Traders should
maintain caution as BREXIT news could swing market in any direction.
