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 as strong support of 18280
was sustained positively and on expected note as we saw DOW 30 enter in
consolidation phase as it opened at 18442 and from there made high of 18510 and
finally closed the flat session at 18469
with gain of just 18 points to the index.
DOW 30
has immediate Resistance intact around 18535--18570.If this level is positively
breached and sustained then one see DOW 30 resistance building around
18620--18635.
DOW 30
has immediate Support building around 18430--18400.If this level is breached
negatively and not sustained then one see next support building around 18360--18275.
RSI of
positive 63 and increasing indicate that short term trend is positive and
improving and if mentioned levels are sustained then we may see some aggressive
buying.
MACD of
positive 104 and decreasing also
suggest that current trend is towards consolidation and once positional
resistance are sustained then we may see sharp upside move.
More Will Update Soon!!
