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DOW JONES POSITIONAL VIEW – ONLY FOR WORLD MARKET LOVER – LOOK AT THE TECHNICAL DEVELOPMENT

dowjones positional1

If we look at the daily chart of dow jones we can clearly spot that it has given a POSITIVE DIVERGENCE signal at bottom and taken a support at trendline also which confirm the reversal from 14750 level.

now at present if we can see, it has given a NEGATIVE DIVERGENCE signal at top and also facing trendline resistance at upper level.

so as far as overall chart patterns concern we can see up move in dowjones only above 15750 level on clsoing baisis, till that time dow joens will fall and try to take support levels at 15250-15000-14750 positional seller can keep sl at 15750 and wait till support level, if goes below 14700 on closing basis then more fall we can expect.

so ultimately dowjones having range of 14700 to 15750 so trading near and beyond this level will give much more and better benefits.

 

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