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Dow Jones Futures






1/20/2016 3:22:22 AM

Dow Jones suffers from negative pressures - Technical Analysis - 20-01-2016



the Dow Jones index kept tumbling in the short term and intraday levels trading, with the complete dominance of the downward trend in the short term, moving along its line as shown in the attached chart, along with negative pressure from the SMA50, with an influx of negative signals from relative power indicators like the Stochastic. The index eventually breached the support of 15,855, settling below it for the moment.

Therefore amid all the gloom and doom, we expect more losses to come for the index, targeting the support of 15,480.


Target
Risk


Support
Resistance


Trend Bearish

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