Mini Dow Jones bounced from good support at 14480 and made it to our 14687/92 target & we topped exactly here. Any shorts here today need a stop above
E-Mini Dow Jones June contract Daily Forecast - 17 April 2013Mini Dow Jones bounced from good support at 14480 and made it to our 14687/92 target & we topped exactly here. Any shorts here today need a stop above 14750 for a retest of 14823 highs but we do not expect a break higher this week.
Support at 14610/00 then 14552/546 but below here a retest of Monday’s low at 14480/468 is likely. We cannot rule out a break lower with the daily outlook turning much more negative & this should target 14411. Look for a bounce from here but longs need stops below 14360 for a test of strong daily support at 14284/259. Buy in to longs with a stop below 14202.
FX Empire editorial team consists of professional analysts with a combined experience of over 45 years in the financial markets, spanning various fields including the equity, forex, commodities, futures and cryptocurrencies markets.
