DOW was flat this week, I think it is getting a good amount of resistance at this 13000 level. It can definitely go more in the upside and some technical indicators are still showing that option but for that it has to break 13000 level convincingly. If it doesn’t break 13000 level in coming days then I may change my opinion. I don’t know therefore we are going to see a little correction or a big sell-off but it has a support at 12600 and then 12300. Worst case scenario for now is 11600. Considering the next Fed meeting, later part of the week is very important for DOW.
(For last week’s stock market review see – World Equity Market: Stock market review (weekly) after 17th ...)
(For this week’s stock market review see –World Equity Market: Stock market review (weekly) after ... - blog*spot)
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