Dow Jones In a New Zone (6-6-14)

DOW JONES INDUSTRIAL AVG INDEX CLOSED AT 16924.28 ON 6-6-14

Range for the week ended on 6-6-14 was:-16924.28---16673.65

 Range for the month of May-14 ended on was:- 16735.51---16341.30

SUPPORT:- 16673.65 / 16588.25 / 16572.17.

RESISTANCE :- 17040 / 17280 / 17350  17403 / 17563 / 17665 / 18045.

(Figures in bold are important)

 Dow made new all time high of 16924.28 on 6-6-14 and closed the week at the highest which shows great strength in it and in coming days it is expected to give robust up move off course   in between down correction can happen. The strong support for the index exist at 16588.25 & 16572.17 for the whole year of 2014 therefore only get alerted in long trades if index starts trading below these levels and  closes below these mark for 4-5 days.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price moves up/down to gain maximum profit and avoid losses.

..REMARKS:-Long term trend is up, I suggest to  adopt  buy on dip strategy. Please use support and resistance level as entry, exit and target points and also as trailing stop loss in favorable trade. Volatility could be there so trade cautiously and DO NOT TRADE WITHOUT STOP LOSS

 NOTE:-
1.PRICE STATED HERE IS OF SPOT MARKE.
 2. RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.
 3. IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND
    CAPITAL  PROTECTION .
                       

 Contact me for strategic guidance to enter and exit the trade