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| Technical Analysis for Dow Jones 12-08-2015 |
Dow Jones moved yesterday in the average movement of 255 pips, its highest level at 17550 and the lowest Level at 17297 and closed at 17352 to lose 195 pips during yesterday’s trading.
Dow opened today's trading at 17367 volatile between 17358 and 17396 at 38 Pips for the poor liquidity in the market range, and then the index went down to 17179 in the European session.Dow moves in a series of down corrective waves below the trend line.
It is expected that the Dow is heading targeting 17100 again as the target on time frame of four hours and until now we see the Bears control on market direction
And the Relative Strength Indicator "RSI" show us distribution operations at the market
Today we could see sharp trading because of the economic data from the USA
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