DOW JONES Daily Forecast Apr 08 2014

The DOW JONES index maintained a bearish momentum yesterday , topped at the 16355 levels and bottomed at the 16165 levels . This development leaves the index targeting the 16055 levels , a halt is likely , but losing the 16055  levels on a daily basis would open 15909  next , further downside will aim the 15735 levels.

On the upside  , resistance comes at the 16278 ahead of 16355 ( main) , stability below this level will keep the pair under pressure , but break of the 16355 levels on a daily basis will recapture the 16506 levels ahead of the 16572 levels , further upside will aim the 16700 levels.

In all , as long as resistance 16355  holds on a daily basis , the DOW JONES index will remain based to the downside towards the 16055 levels , above 16355  levels  will reverse risks towards the 16506/16572 levels….


DOW JONES Daily Forecast Apr 08 2014