E-mini Dow Jones Industrial Average (YM) Futures Analysis – March 30, 2017 Forecast

June E-mini Dow Jones Industrial Average futures are trading lower but inside Tuesday’s wide range and Wednesday’s narrow range. This indicates investor indecision and impending volatility.

Like yesterday, the market is trading in the middle of nowhere which typically means momentum will determine the direction of the market.

On the downside, the first target is the short-term 50% level or pivot t 20592. If this price fails to hold as support then look for the selling to extend into perhaps 20380 over the near-term.

If the buyers come in to drive this market higher then look for a possible drive into a 50% level and a downtrending angle at 20770.

Since the trend is down, look for selling on the first test of 20770. If this angle fails as resistance then look for the rally to extend into the major Fibonacci level at 20820.