DOW 30
DOW 30 has been in habit of moving as per our analysed level
and so it did again as it was in same trajectory to S&P 500 and showed a highly
bearish session on news of BREXIT on expected note and bloodbath was the theme
of the day as it opened lower at 17946 and from there cracked to make a low of 17356
before finally closing the weak session at 17400 and shredded 610 points or a decrease of 3.39%
on a single day and hence wiped out its gain since march on a single day on
news of BREXIT as it created global uncertainty.
DOW has immediate crucial
Resistance at 17435--17500.If this level
is positively breached and sustained then DOW 30 has next resistance
building around 17560--17650.
DOW 30 has immediate
Support intact at 17360--17355.If this level is negatively sustained and
breached then one see next support building around 17324--17320.
RSI of 38 and decreasing also indicate that short term trend
is weak and investors are maintaining caution in DOW 30 as BREXIT news can create uncertainty in
market for some time and hence investors maintaining hawkish approach.
MACD of 8.35 is also indicate the above as investors
maintaining hawkish approach looking at the BREXIT event which is creating uncertainty
all over the world and buyers are waiting for market sentiments to improve.
More will Update Soon !!
