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Technical Forecast for Dow Jones

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Technical Forecast for Dow Jones

 

Mini Dow beat resistance at 15328/38 as we look for 15377/400. Try shorts here with the market starting to look overbought in the short term with stops above 15450 for a retest of
15500/525 highs. The daily chart remains negative so this should offer a very good selling opportunity with a bearish double top pattern expected.
 
Immediate support is 15333 then 15288/256. This level could hold the downside today. However a break lower sees 15181 then last week’s low at 15143. We have good support from here down to 15090 with a bounce expected here this week if seen.

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Posted-In: Technicals Markets Trading Ideas

 

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