DOW 30
DOW 30
has been in habit of following our mentioned and analyzed 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 positivity and tried to improve trend
as DOW 30 has been in consolidation mode for long time and opened positively at
18511 and from thee made high of 18567 before closing the positive and improved
session at 18565 with gain of 45 points or increase of 0.24% to the index.
DOW 30
has immediate Resistance intact around 18620--18635.If this level is positively
breached and sustained then one see DOW 30 resistance building around 18710--18750.
DOW 30
has immediate Support building around 18500--18460.If this level is breached
negatively and not sustained then one see next support building around 18330--18275.
RSI of
positive 62.32 and increasing indicate that short term trend is towards
consolidation as and we may see some range bound movement to continue for short
term.
MACD of
positive 92.41 and decreasing also
suggest that current trend is towards consolidation and once positional
resistance are sustained then we may see sharp upside move.
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