Dow Jones Industrial – technical preview for December 22, 2014

DJIA will close the year at all-time record levels and carry the positive momentum into 2015. The prompt rebound from last Tuesday’s cycle low was rather stunning to many and short covering accelerated the whole upmove. The daily trend will be up as long as DJIA holds above 17.550. Before this level, there is nice support @ 17.650 for dip buyers. Upward December seasonalities are helping the index too.

Dow Jones Industrial, hourly candles:

US 30(Hourly)20141222121738

Chart courtesy of Investing.com. http://investing.com

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