Dow Jones Futures - Technical Analysis: Monday, 14/08/2017 04:44 GMT
Dow Jones Index begins bearish correction after touching 22179 level previously, approaching from 23.6% Fibonacci level for the rise from 20553 to 22179, noting that breaking this level –located at 21795- will push the price to head towards 21558 as a next target.
Thus, the bearish trend will be expected for the coming period unless the price managed to rally to the upside to surpass 22179 level and settle above it.
Trend
Bearish