June 25, 2014
Dow Jones Industrial Average recently reversed down after nearly reaching the buy target 17000.00 that was set in our earlier forecast for this index.
The latest downward correction from 17000.00 stopped at the support zone lying between the support level 16660.00 (former resistance which created the top of the previous minor impulse 1 in the middle of May) and 50% Fibonacci Correction of the preceding upward impulse from the end of wave 2.The index might correct further to the next correction target at 16560.00 (intersecting with the support trendline of the daily up channel from February).
The post HY MARKETS News: Index Report:Dow Jones Industrial Average appeared first on | HY Markets Official blog.
