Implications and Outlook
1. Further bullish momentum stalled due to persistence intermediate-strong Mean Resistance at 25325. As we see it the DJI underperform all the other indices while big money determines its next step.
2. If the DJI Index closes below 25000 a move towards second Mean Support of the 24800 is very likely, while Key Support lays at 24415.
3. The break of the Mean Resistance 25325 will undoubtedly bring serious of the mid to long-term bullish implications, having upside targets to Index rally of 25475 and Key Resistance residing at 25710
4. Current Index Strategy Bias: Bearish 60 / Bullish 40
1. Further bullish momentum stalled due to persistence intermediate-strong Mean Resistance at 25325. As we see it the DJI underperform all the other indices while big money determines its next step.
2. If the DJI Index closes below 25000 a move towards second Mean Support of the 24800 is very likely, while Key Support lays at 24415.
3. The break of the Mean Resistance 25325 will undoubtedly bring serious of the mid to long-term bullish implications, having upside targets to Index rally of 25475 and Key Resistance residing at 25710
4. Current Index Strategy Bias: Bearish 60 / Bullish 40