dow jones major hurdle at 18270 above it remain bullish or buy

DOW JONES daily chart 7 oct 2016 Dow jones spot index on last trading session closed at 18268 with loss. On daily chart, Dow is trading around major support or pivot level of 18270. Below it outlook for month will remain sell or bearish while reversal and breakout above it means uptrend an upside targets for series.   On daily chart, Dow jones spot has support zones at 18245 and 18135. While on upside 18365 and 18550 are resistances as well as target zones for short terms. Current daily chart price pattern suggesting reversal in prices and while indicators patterns are mixed but reflecting underlying buying in market.   Traders here above 18270 keep long view on Dow jones index future for targets 18365 and then 18550. Stoploss for trade will remain below 18150 which was previous swing low. Option traders can buy Dow jones 18500 call options with same stoploss for big gains in medium terms.

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Pramod Baviskar

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