FX.co ★ Technical analysis of Dow for January 27, 2014

Market sentiment was hit badly. There was a broad sell-off in financial markets. The equity market gave a sound rewards, traders willing to book profit and looking for safe place to park their money. In our couple of reports we alerted that 16,700 is the major resistance trend line, go short until the close above this level. Since December 2013, we have recommended selling, Dow obey us. Oscillators gave a negative indication in the daily charts.

Support: 15,800.

If prices close below this level, next great fall will taken place.