ChartArt

Dow Jones Industrials: Correction in March 2015

Short
DJ:DJI   Dow Jones Industrial Average Index
This week could be the end of the multi-year rally. At least a test of the uptrend is near in the next days. A daily close below 17900 (pink line) would be a signal for the downtrend. Otherwise a break of the higher 18330 area (green line) would be a signal for a new uptrend.

Long-term key areas are 18130s-18140s as possible resistance zones and 16033-16074 as support area (yearly S1).

P.S. The chart was posted on Thursday, March 5, 2015 after the daily close of 18135.72. Next day the DOWI was down -1.54% (17,856.78) (-278.94)
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.