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Dow Jones Futures






8/10/2015 1:48:40 AM

Dow Jones Futures - Technical Analysis: Monday, 10/08/2015 05:48 GMT



The main ascending channel’s support was broken, thus, Dow Jones index started a bearish correctional wave that its first target located at 15515.00, which makes the bearish trend expected on the short term basis, waiting to test the mentioned correctional level.

The exponential moving average 50 forms negative pressure that supports the expected decline, noting that there’s key support barrier at 16800.00, breaking this level will confirm heading towards our waited target, while breaching 17700.00 will put the index back to the main ascending channel.


Target
Risk


Support
Resistance


Trend Bearish

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