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Technical Forecast for Dow Jones

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Technical Forecast for Dow Jones

 


Emini Dow Jones Sep13 made it to 15419 as we look overbought now short term & on the daily chart. We could hit profit taking at any time therefore & test support at 15295 then 15220/200 which could hold any profit taking at this stage.


 


If however we continue higher again there is little in the way of a retest of 15508/23 all time highs. Be aware that failure to sustain a break above this level now leaves a bearish double top in place & could trigger selling pressure in to the end of this month.

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Posted-In: Technicals Markets Trading Ideas

 

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