martes, 15 de julio de 2014
Further rallies coming for the Dow?
July 15, 2014 • Reprints
If the market takes a bearish turn, the Dow will find support at 16930 points or potentially 16800-17750 which is close to the previous lows and the 50-day moving average, indicating a shift to the uptrend.
Only with a direct break below 17750 will the index leave the channel and become vulnerable to expand the bearish movement back to the 16530-16400 points area with lower support for the Dow.