DJI, Daily Chart Analysis 7/17

DJCFD:DJI   Dow Jones Industrial Average Index
Implications and Outlook
1. Financials and equities, on the whole, traded quite heavy even though ranges have been snug. DJI has been the sole core Index to close on a positive note. Trade concerns spread uncertainty for financial sector however it is the curve as well as loan increase that require careful assessment. In the wings, its likewise worthy of keeping quite a close eye concerning EM's (Emerging Markets) and also the exposure Main Street banking institutions currently have within these countries.

2. Dow Jones Index, is following the bounce off the Mean Support 24707 and continues its journey towards Key Resistance 25322 and completed Index Rally of 25400.

3. The violation of the Key Resistance 25322 and Index Rally 25400 will undoubtedly bring serious of the mid to intermediate-term bullish implications, and possibly establishing new quarter high, while current Mean Support lays at 24707.

4. Current Index Strategy Bias Remains At: Bullish 70 / Bearish 30


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