By | August 12, 2017

                                            In BULL markets corrections are good for markets to perform better .Finally much awaited US markets correction starts now.This may extend to 21,000 to 20500 range in DOW JONES index which is almost 4 to 7% from current rate of 21858.

Last week Dow Jones opened at 22100 and went high on the first day of the week to register the week high and thereafter Dow continuously falls to the weekly low of 21842 and closed around 21858 which is near the week low.

                                       For coming week Dow must be in bear grip but the range of 21830 to 21848 may offer some shot of support for the index if the index unable to hold the support range it will fall to the levels of 21577 to 21496 .If the index holds the support it may bounce to the levels of 22000 to 22100 which may act as strong resistance for the index.

                                     You can see which stocks are driving the DOW JONES INDUSTRIAL AVERAGE UP or DOWN and by how many points.Contribution towards the movement in the INDEX by the movement of a stock is shown here

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.