DOW JONES Daily Forecast Apr 01 2014

The DOW JONES index maintained a bullish momentum yesterday , printed support at the 16278 levels and topped at the 16401 levels . This development leaves the index targeting the 16515 levels , a halt is likely , but break of the 16515 levels on a daily basis would open 16660 next , further upside will aim the 16825 levels.

On the downside , main support comes at the 16278 levels , losing this level on a daily closing basis will reverse risks towards the  16178 levels , a cut will open 15977 levels.

In all , as long as support 16278 holds on a daily basis , the DOW JONES index will remain based to the upside towards the 16515 levels , below 16278 levels , outlook will be reversed towards the 16178/15977 levels…

Note that stability above the 16401 levels will keep pushing towards the 16515/16660 levels , stability below 16401 could retest the 16278 levels before the next rise………


DOW JONES Daily Forecast Apr 01 2014