Dow Jones analysis
In our last dow jones update we told you wall street looking weak and it tumbled from 18100 till 17600 now, Again our view has not changed much since then just levels has to be refreshed now, Main problem is Greece crisis which is very important and still not clear whats gonna happen with Greece, If wall street click our technical support of 17380 and sustain below our major support then expect fresh selling in dow upto 17200 – 17000.
If DJIA click our trading resistance of 17720 and sustain above our resistance then expect this major world indices to fire upto 17880- 18000 in short term.
Greece is a major concern and market may react very volatile if it decided to default on upcoming payments. So better stay very cautious and trade with small positions in market.
Dowjones analysis conclusion: Dow jones trend is still weak but Greece crisis may turn trend and can spark good buying in index.
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