Dow Jones 2016-05-06
US30 Dow-Jones
17600
Market managed to hit below 17775 in signs of more drop yet to come
as we see over our previous chart, market still trying to complete the drop correction toward targets , while market now facing support at 17540 which may be target for the short-run before a rebound correction may hit the market toward 18000 zone
below 17540 market may head for farther drop toward 17400-50 before hit any rebound correction
in general market facing resistance at 17850-915 where as long as market holding below this zone the downtrend pressure will sustain
Support | Resistence | |
Level 1 | 17540 | 17850 |
Level 2 | 17400-50 | 17915 |
Level 3 | 17250 | 18000-50 |