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#3176
RS2OOO
Keymaster

The reason for the 17,717 support – Back-test of original down-trend breakout.

No idea whether it will hold – MACD has recently turned down on this time frame.

One guess would be consolidation while MACD sorts itself out and then a 2nd back test that coincides with the green 200 MA meeting the down trend line.

DOW 4 hourly 9th Feb 2014 photo DOW4hourly9thFeb2014_zpscd1c3663.png

Meanwhile other Indices are showing more strength than DOW.