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Dow Jones Futures






3/29/2017 4:43:35 AM

Dow Jones Futures - Technical Analysis: Wednesday, 29/03/2017 08:43 GMT



Dow Jones Index managed to reach the thresholds of the first targeted correctional level at 20395 and bounced strongly to the upside from there, to approach from testing the previously broken neckline of the double top pattern at 20780, indicating heading to regain the main bullish trend after the bearish correction that started at the recently recorded top at 21169.

Thus, the bullish trend will be expected in the coming period, and surpassing 20780 will confirm opening the door to test the above mentioned top as a next target, while breaking 20395 will push the index to extend its bearish correction and head towards 19914 on the near term basis.


Target
Risk


Support
Resistance


Trend Bullish

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