Dow Jones is moving up continuously and surprising everyone! Let us take a look at it.
Dow Jones is moving in 45 degree 15700-18300-21100. From start of 2014 to US election results it moved in the range of 15700-18300. It was consolidated near 18300 for almost more than 6 months before US election results due to uncertainty of Election outcome! Post result it is just fired up and moved from 18300 to 19700 in a very short time and again consolidated taking support of 19700 (3 digit Gann No).
Post start of Minor Solar cycle on Feb 4, it is again moving up in very sharp manner and already crossed Gann level of 20400. It may reach 21100 in next few weeks as long as it holds 20400. It may face strong resistance at 21100.
Comments
Post a Comment