Dow Jones faces strong support around 15650, good to buy at dips

FX:US30   Dow Jones Industrial Average Index
120 0 4
Major support : 15650 ( trend line joining 10402 and 15193)

The index has declined till 15837 and started to recover from that level. Short term trend is slightly bullish as long as support 15650 holds.

Any break below 15650 will drag the pair till 15190 (Aug 2015 low). Break below 15190 confirms major weakness, a decline till 14700/14500 is possible.

On the higher side minor resistance is around 16250 and break above will take the index to next level 16405/16825.

Short term trend reversal only above 17240 level.

Momentum indicator stochastic RSI is showing bullish divergence which confirms slight pullback in coming days.

It is good to buy at dips around 16000 with SL around 15650 for the TP of 16825/17000
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out