Dow jones outlook-after achieving 10625 heading for 20100

Dow jones futures technical analysis

Dow jones futures technical analysis

Dow jones industrial averages on last trading session closed at 19911 with gain. December Santa rally continues and Dow achieved my swing target of 19625. Fresh breakout above 19625 means next swing target of 20100 and we already saw high up to 19953 on last trading session.   If this week closing comes above 20100 then that will be super bullish signal for this index. Above 20100, my next targets as well as December resistance zones will be 20900 and then 21400+. For short term traders, 19750 and 19600 are support zones as well as fresh buying levels with stop loss.   Dow jones weekly chart price trend and momentum both are strong bullish. Current momentum is very strong and expect big upside for this move. Weekly chart suggesting 20500 to 20900 as target zones from medium to long term view. Dow weekly chart support zones are 19700 and 19300.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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