Dow-Jones 16391 Market failed to sustain advance to test 16535 in low liquidity trading on Thursday and Friday proved very stagnant. US CPI data confirms advance or head for another drop impulse which may activate above 16700 zone - as long as market holding trades above 16300 the chance for further advance toward 16535 and 16700 will sustain ** below 16300...
I am Bearish. Weekly Candle is still bearish. But It fail to break down 15800 fully. So,, Bull force may be strong at that level. Level to watch: Support 15800 and Resistance level 16290
This is a long term trade idea so the price must have 2 daily closing below that entry point of 15353
I am Very Bearish. It should reach 16100 easily and this is the area where possible BULL awaits. Bear is a better for now. But always be careful. Level to watch: Support 16100, 16000 and Resistance level 16500, 16700