DOW 30
DOW 30 has been in habit of following our
mentioned levels and it has been doing it for some time and traded at our
mentioned levels. DOW 30 opened positively on news of FOMC meet and therefore
on positive sentiment of status quo being maintained DOW 30 opened at 18051 and
from there made high of 18148 before closing the positive and trend improving session
at 18110.
DOW
30 has crucial immediate resistance intact 18120--18160. If this level is
positively sustained and breached then one see next Resistance at 18380--18320.
DOW 30
Support is also intact at 18050--18000.If this is breached negatively and not
sustained then one see next support building below 18900.
RSI of 42
and improving suggest that DOW 30 is trying to improve trend and once impending
FOMC meet and outcome decision is absorbed in the market then we may see upside
move.
MACD of negative
-89.74 and improving also suggest that a DOW 30 overall trend is improving and
investors may enter aggressively once impending FOMC meet is absorbed in the
market.
More Will Update Soon!!
