dow weekly : 17100 and 17700 targets achieved expect correcion

dow jones weekly technical analysis for 21 to 25 march 2016

dow jones weekly technical analysis for 21 to 25 march 2016

Dow jones industrial average index this week closed with gain. This was fifth winning week for this index future. In these 5 weeks period, Dow rallied from low of 15900 to high of 17700. Total 1800 points rally in very short term.   Dow future achieved my both targets and now time to correct?? On downside 17115 is major support and down might test it in upcoming week. If sustain above 17715 then only trend continuation with strong bullish bias will happen.   Short term chart indicators are overbought so correction and consolidation are due in upcoming weeks.

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Pramod Baviskar

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