DOW JONES Daily Forecast Mar 14 2014

The DOW JONES index maintained a bearish momentum yesterday , topped at the 16408 levels and bottomed at the 16082 levels .This development leaves the index targeting the 15965 levels , a halt is likely , but losing the 15966 levels on a daily basis , would open 15820 next , more losses will pave the way towards the 15660 levels .

On the upside , a failure to hold below the 16082 levels could mean a return to the 16300 levels , break of 16300 would open main resistance at the 16408 levels .If this important resistance is taken out , expect the market to strengthen further towards the 16504 levels , more gains will open 16620/16760 levels.

In all , as long as resistance 16408 holds on a daily basis , the  DOW JONES index will remain based to the downside in short term view towards the 15965 levels ahead of the 15820 levels , break pf 16408 would reverse risks towards the 16504 levels.


DOW JONES Daily Forecast Mar 14 2014