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 as DOW and tried to improve trend as it opened
positively at 18397 and from there made high of 18462 as a strong support from 18386 was sustained and hence
closed the improved session at 18458 with gain of 60 points or increase of
0.33% to the index.
DOW 30
has immediate Resistance intact around 18535--18550.If this level is positively
breached and sustained then one see DOW 30 resistance building around
19600--18660.
DOW 30
has immediate Support building around 18380--18285.If this level is breached
negatively and not sustained then one see next support building around
18150--18040.
RSI of
positive 52.80 and increasing indicate that short term trend is improving and
we may see DOW 30 forming support and if consecutive closes in these range is
given then we may see some upside move.
MACD of
positive 36 and decreasing also indicate that short term trend is may be
improving and we may see this upside
momentum one a strong support is formed at current level and supports are
positively sustained.
More Will Update Soon!!
