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Dow Jones – market prognosis for calendar week 29/2015

Overview: The tendencies in the Dow are pointing more towards the north again.


Daily chart:

The primary trend is still aiming upwards. The path into the blue correction zone was, however, carried out via a downtrend, which must still be designated as active. In addition, the index still has the 20 location point line ahead of it. This should be overcome at the very least in order to increase the probability of a general continuation of the trend.


Hourly chart:

Due to the sharp rise of the last two days, the hourly chart has also entered into a new uptrend. This uptrend is currently meeting with resistance in the area of the 20 location point line from the daily chart. However, as long as the blue correction zone is not undercut by the closing price, then a continuation of the uptrend can be expected at all times. The green arrows show that we can speculate on long at any time in the correction zone.


All the best,

Markus Gabel

Head of Sales/Trading


AgenaTrader Trading Software

IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Monday, 13 Jul, 2015 / 8:56

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