RESUME & VIEW – THE DJIA IS TRYING HARD TO EMERGE ABOVE 15530 RESISTANCE, THE ALL TIME HIGH BEEN MADE IN THE END OF MAY THIS YEAR. IT HAVE SPIKED UP SLIGHTLY ABOVE THE RESISTANCE, BUT DIDN’T FOUND THE SUPPORT NEEDED TO BREAKOUT OF THERE LAST WEEK. IT HAVE BEEN TRADED IN VERY TIDE RANGE WITH MAKING SUPPORT NEAR 15350. STAYING ABOVE THAT SUPPORT WILL BE ESSENTIAL FOR ANY ATTEMPT TO BREAKOUT OF THE ALL TIME HIGH, WHILE DEEPENING BELOW WILL OPEN THE WAY FOR DEEPER CORRECTION WITH POSSIBLE TEST OF 15000 PSYCHOLOGICAL AND TECHNICAL SUPPORT.

RESISTANCES:

Minor – 16000

Moderate – 15570

Strong –

PIVOT POINT – 15455

SUPPORTS:

Minor – 15350

Moderate – 15000 | 14750 | 14500

Strong – 

Situation Chart:

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By Mihail Mihaylov

Independent Capital Markets Trader / Equity Research Analyst. Swing to Long term.

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