E-mini Dow Jones Industrial Average (YM) Futures Analysis – April 9, 2018 Forecast

June E-mini Dow Jones Industrial Average futures are expected to open higher based on the pre-market trade.

Daily Swing Chart Technical Analysis

The main trend is up according to the daily swing chart. It turned up last week when buyers took out the previous top at 24435.

A trade through 24596 will signal a resumption of the uptrend. This could trigger a further rally into the minor top at 24998. The Dow will strengthen on a trade through the main top at 25535.

A move through 23306 will change the main trend to down with 23122 the next likely downside target.

Daily Swing Chart Technical Forecast

Based on the early price action, the key support is the short-term retracement zone at 23951 to 23799.

A sustained move over 23951 will signal the presence of buyers. A move through 24157 will indicate the buying is getting stronger. This move could create the upside momentum needed to challenge the next resistance at 24477. This is followed by 24596 and 24682.

A sustained move under 23951 will indicate the presence of sellers. This could trigger a fast break into 23799. This price is the potential trigger point for an acceleration to the downside with the next major targets coming in at 23306 and 23122.