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!
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