Technical Analysis for Dow-Jones 9-7-2015

Technical Analysis for Dow Jones 9-7-2015

Dow Jones moved yesterday in the average movement of 270 pips, its highest level at 17673 and the lowest Level at 17402 and closed at 17443 to Lose 230 pips during yesterday’s trading after NYSE stopping.

Dow opened today's trading at 17450 and went up to 17562 in the European session.

Dow moves in a series of up impulse waves around a parallel price channel

It is expected that the Dow is heading targeting 17700 as the target on time frame of four hours and till now we see the Bulls control on market direction

And the Relative Strength Indicator "RSI" show us accumulation operations at the market

Today at 12:30 we are looking for Unemployment Claims from USA.

Today we could see sharp trading because of the economic data from USA

Support levels: 17339 and 17235 and 17068

Resistance levels: 17610 and 17777 and 17881

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