Dow Jones - Time for Reversal?
After rallying steep for about 10 weeks, Dow Jones currently trading at 37,400 levels.
Dow Jones is currently trading within a narrow range of 400 points between 37,300 & 37,700.
37,500-37,700 is now an important resistance zone & Dow Jones must break 37,700 to move further up.
On breaking and closing below 37,200 level, Dow Jones can test 36,200 and 35,500 levels.
Short position can be taken below 37,200 for targets 36,200 and 35,500 with SL 37,550.
Dow Jones is currently trading within a narrow range of 400 points between 37,300 & 37,700.
37,500-37,700 is now an important resistance zone & Dow Jones must break 37,700 to move further up.
On breaking and closing below 37,200 level, Dow Jones can test 36,200 and 35,500 levels.
Short position can be taken below 37,200 for targets 36,200 and 35,500 with SL 37,550.