INDICIES SET FOR SMALL BOUNCE

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INDICIES SET FOR SMALL BOUNCEDow Jones Industrial Average IndexTVC:DJITraderTed16It is my expectation that we see a short term bounce in the indices this week (30th March), before continued consolidation and further downside moves. Should this move up materialise the first point of reaction is around 45893 on the Dow Jones with further upside targets at the 47861 to 48947 area. Should the market breach the highest target level then a test of the February high is in play, but current bearish sentiment would suggest that unlikely.