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Dow Jones Futures






4/6/2016 3:25:50 AM

Dow Jones keeps rising - Technical Analysis - 06-04-2016



Dow Jones kept rising in the short term and intraday levels trading, with the dominance of the main upward trend in the medium and short terms, with the index trades within an ascending price channel in the short term, with ongoing positive pressure from the SMA50, coupled with an influx of positive signals from relative power indicators like the Stochastic as shown below the attached chart.  

Therefore we expect more gains to come for the index, especially if it breached the resistance of 17,735, targeting thereafter the resistance of 17,900.


Target
Risk


Support
Resistance


Trend Bullish

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