Breaking News

Dow Jones Futures

8/25/2015 9:01:10 AM

Dow Jones Futures - Technical Analysis: Tuesday, 25/08/2015 13:01 GMT

Dow Jones Index succeeded to touch the main waited target for the bearish wave at 23.6% Fibonacci at 15515.00, showing bullish rebound that signals a potential visit to the recently recorded top at 18329.00, which makes the bullish bias suggested for the upcoming period.

Stochastic offers positive signal that supports the expected bullish bias, and breaching 16785.00 followed by 17765.00 is considered as a key to extend the bullish wave on the longer term basis.

On the other hand, breaking 15515.00 level will push the index to go for more bearish correction, which its next target is located at 13795.00.



Trend Bullish