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
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
