Technical Analysis for Dow-Jones 5-8-2015

Technical Analysis for Dow Jones 5-8-2015

Dow Jones moved yesterday in the average movement of 132 pips, its highest level at 17555 and the lowest Level at 17423 and closed at 17454 to lose 52 pips during yesterday’s trading.

Dow opened today's trading at 17407 volatile between 17403 and 17458 during the Asian session trading at 55 Pips for the poor liquidity in the market range, and in the European session the pair went up to 17485

Dow moves in a series of down corrective waves below the trend line.

We saw the American Index achieved our target at 17420

It is expected that the Dow is heading targeting 17420 again as the target on time frame of four hours and until now we see the Bulls control on market direction

And the Relative Strength Indicator "RSI" show us accumulation operations at the market

Today we could see sharp trading because of the economic data from the USA

Support levels: 17399 and 17345 and 17267

Resistance levels: 17531 and 17609 and 17663


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