The Dow Jones Industrial Average futures fell during the session on Friday again, and completed a turnabout at the 13,300 level that was started on
The Dow Jones Industrial Average futures fell during the session on Friday again, and completed a turnabout at the 13,300 level that was started on Wednesday. We currently sit just above the 13,100 level, and as such it looks like there is room for a short-term trade to the downside. On a break of the lows from the Friday session, we think this market could drop about 50 to 100 points before running into significant support. Granted, this is more of a “scalp” than anything else, but it does set up as such.
Dow Jones Industrial Average Futures Forecast December 17, 2012, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
