Market Next

DOW JONES:19-12-2016

DOW JONES:19-12-2016
December 19
17:42 2016

Dow Jones is on a bullish mode, it is in the overbought zone.  The daily charts and weekly charts and even the monthly charts are indicating overbought situation.  Dow has support at 19659 and there are possibilities that it could test this level in the short term.   After the testing this level Dow can easily move above 20000 mark.  The S&P 500 VIX is hovering below 13 is also suggesting this.  US FED decision to increase the interest rates hurts the global equity markets and especially emerging economies.  Furthermore US FED could raise interest rates in the coming quarters can also hurt the sentiments of global equity markets and commodity markets.

 

Image Credits: “Venturelli Luca/Shutterstock.com”

 

About Author

ALEX MATHEWS

ALEX MATHEWS

Related Articles