Dow Jones 2015-06-11
Dow Jones: 18015
Continuation the uptrend ; with lower liquidity
On the longer-term as long as market trading higher than 17,000 $ dollar for the index ;then it is an buy opportunity to target $20,000. . However , on the chart we can see the market was trading within the channel ; however , the market now on the bottom of that short – term channel which means expected more upside movement , in case market did not succeeded to respect that channel then the penetration would target the level of 17500 and by penetrating that level the sell-ff mode would be accelerated
Daily Trend: Neutral
Weekly Trend: Up
Support | Resistence | |
Level 1 | 17750 | 18000 |
Level 2 | 17620 | 18150 |
Level 3 | 17500 | 18250 |