DOW JONES
Dow eases from fresh record high at 19000, posted today, with mild correction seen ahead of fresh attempts higher. Strong bullish structure supports the advance, with daily Tenkan-sen moving in steep, almost vertical ascend, underpinning the price.
Extremely overbought conditions of daily studies have so far been ignored, as Dow resumed the uptrend after few days of consolidation of previous steep post-US elections rally.
Firm break above 19000 barrier would open way for extension towards projected targets at 19577 (Fibo 138.2% projection), followed by psychological 20000 barrier and Fibo 161.8% projection at 2325.
Corrective easing should find ideal support at 18930/00 zone, to avert test of downside pivot at 18800 zone (recent consolidation floor), break of which would signal stronger correction.

Res: 19000; 19366; 19577; 20000
Sup: 18930; 18900; 18800; 18682

FTSE100
FTSE rallies on Tuesday and probes above multi-day congestion top at 6842, also daily cloud base / 50% retracement of 6988/6697 descend. Rally comes after Monday’s long-legged Doji, signaling fresh direction after strong signs of indecision in past few days.
Sustained break and close above 6842 is needed to generate initial signal of bullish resumption and open next pivot at 6877 (Fibo 61.8% of 6988/6697). Close above the latter would confirm bullish bias for extension towards 0.6919/29 (Fibo 76.4% / daily cloud top).
Bullish daily Ichimoku studies and daily moving averages turning into bullish setup, support the notion.
Initial support lies at 6800; followed by daily Kijun-sen at 6763, which should contain extended dips.

Res: 6844; 6877; 6919; 6929
Sup: 6800; 6763; 6744; 6720
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