dow jones premarket technical analysis
dow jones industrial average on friday closed at 14397 gains.in intraday shown high near 13456 but closed below 14402 resistance.so today to in 1-2 session watch this 14402 technical short term resistance if closed above it continuation of sharp bull run and march 2013 DJIA targets will be 14630 and then 14800.
on downside 14230 and 14000 are major support and if fails to breech resistance then these supports will be correction rally targets in month of march 2013.
14400 also import from medium term view and above this level on weekly closing basis DJIA has next major target at 14950.
dow jones industrial average index on every chart frames is in uptrend and momentum is strong on demand side.on on daily chart rsi and cci both overbought and that support upcoming correction below 14402!
today us futures showing gap down opening if spot follows them then traders can go shorts with stoploss above 14410 and expect 14230-14000 as corrective targets.