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miércoles, 23 de diciembre de 2015

No Christmas Rally

DJ resistance: 18,351    All-time high
                         18,206     Breakout
                         18,104     2014 peak
                         17,978     November peak
                         17,810   
                         17,579     Inflection point
                         17,541     200 Days moving average

DJ Support:    17,125     Strong confirmed
                        17,050      Very strong
                        16,933.43 September peak
                        16,667     Very strong
                        16,410     Light
                        15,980     Very strong
                        15,651.51 Important
                        15,370.33 Very important

Technical Analysis and Fundamentals:

Dear traders and investors, it seems that there is not enough steam for the waited Christmas rally. We have to pay attention to the slump volume next week due the senior managers' holiday. It could create the opportunity to try to reach the DJIA all-time high and also to look for the important supports. What I want to say is the real market would come again the January second week.
If you trade during these days the breaks should be confirmed in January.
Please watch supports and resistances to navigate taking into account during these time they could be penetrated easily.
I wish you: Merry Christmas and Happy New Year!
                  Happy Holidays!

Please click over the chart to enlarge it.



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