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DOW JONES Technical analysis 9 March 2018

2018-03-09 12:52 am | Resource: Technical Analysis | No Views : 270

Time frame Used - four hours
The Dow Jones industrial average30 is moving in a sideway in the near-term

The Purchasing power managed to control the movement of the Dow Jones to bounce the index to the resistance level 24854
And looking at the technical indicators
Both the RSI and the Stochastic are indicating that the indicators are beginning to reach the overbought area and start to fall below
Accordingly, we expect the Dow to fall back to 24410-24203 again
The alternative scenario is for the Dow to fall to 23342
Resistance: 24845 -25052 - 25346
Support: 24410 - 24203 - 23822
Direction: sideway
Technical Analysis
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