Technical view by Nooresh

Dow Jones Technical Chart and View

Dow Jones :
After the fed push above 8800 the index could not sustain those levels and got resisted around the upper trendline. This line needs to be crossed with volumes for a clear direction. As volumes are very low and near to support so next few sessions would be crucial.

On the downside 8250-8300 zone is a support sustaining below which could endanger the chart formation and lead to testing of sub 8k zones.

SO lets see whether a santa rally is in store or a new year cracker.

Best Regards,



Article by Nooresh Merani

Nooresh has written 2532 articles.

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