S&P 500
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
and traded with weakness this weak as it opened weak at 17565 and from there
made low of 17464 and cracked 64 points or 00.36% on intraday among global uncertainty
and impending global events like FOMC policy meet and BREXIT news.
DOW 30 has Resistance building
around 17570--17590.If this level is positively breached and sustained then one
see DOW 30 resistance building around 17700--17730.
DOW 30 has immediate Support
building around 17470--17460.If this level is breached negatively and not
sustained then one see next support building around 17410--17400.
RSI of 37 and decreasing indicate
that short term trend is weak and correction may the theme for DOW 30 as
investors are booking profit among uncertain economic and global scenario.
MACD of positive negative 7.26 also
indicate that short term trend is may be towards correction or profit booking.
More Will Update Soon !!
