Dow Jones Weekly Update (26/12/15)
This index just failed to break 17030 level, which is the bad news for Bearish traders.
Last week and next week, market will be pretty unreliable with the thin trading during the holiday week.
I am Only Slightly Bearish on this pair as Bull and Bear have pretty even percentage of winning. And we had lots of Smart Money's possible heavy buying near 15800 level..
17030 is pretty important support level, and it has to be broken down strongly to form Lower Low, while 17880 is the another important level (see arrow line), where Bear positions await.
Resistant: 17880, 18050, 18270
Support: 17040, 16353, 15807
Last week and next week, market will be pretty unreliable with the thin trading during the holiday week.
I am Only Slightly Bearish on this pair as Bull and Bear have pretty even percentage of winning. And we had lots of Smart Money's possible heavy buying near 15800 level..
17030 is pretty important support level, and it has to be broken down strongly to form Lower Low, while 17880 is the another important level (see arrow line), where Bear positions await.
Resistant: 17880, 18050, 18270
Support: 17040, 16353, 15807
Telegram: t.me/sonictraders
Web: sonicrmastery.com
FB Page: facebook.com/sonicrcourse
FB Group: facebook.com/groups/sonicrsystem
Instagram: instagram.com/sonicrmasterycourse
Web: sonicrmastery.com
FB Page: facebook.com/sonicrcourse
FB Group: facebook.com/groups/sonicrsystem
Instagram: instagram.com/sonicrmasterycourse
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.