DJIA correction is effective, serious levels of support 100 EMA

11.03.2015 / 12:42

Rating:

DJIA: ascending,the correction movement of the trend in force.

CCI50 passed under 100,which give a signal for new decrease ,but only if the price passed resistance level and under the bottom of yesterday bearish bar.

In this moment the index is in key levels,Buy only when CCI passed above 0with stop under the bottom of bearish bar.If break bellow 17662 will give a signal for new negative movement.

What currently affects the stock market in the US are the speculate that FED can increase interest rates because of the good employment data of non-agricultural sector last week and expensive dollar,which can decrease revenues of US companies and exports.

Today dollar remain expensive which can give a new negative impulse on a stock market

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DJIA correction is effective, serious levels of support 100 EMA

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