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Technical Forecast for Dow Jones

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Technical Forecast for Dow Jones

 


Emini Dow Jones Sep13 retested 15305 but bottomed just below at 15290. We have since shot higher to resistance at 15410/17. If we continue higher today look for resistance at 15440/50. Watch for sellers here & a high for the day possible. However a break higher offers a selling opportunity at 15475/80 with stops above 15500.


 


Immediate support is 15360/45 but below here risks a slide to yesterday’s low at 15305/15290. A break lower today cannot be ruled out and could target 15260/55. If we continue lower perhaps later in the week we could test good support at 15170/65.

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Posted-In: Technicals Markets Trading Ideas

 

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