Emini Dow Jones key to this week's direction is of course the all time high at 17365. A very sharp correction in mid October to mid September took 4
Emini Dow Jones December contract Daily Forecast - 03 November 2014Emini Dow Jones key to this week’s direction is of course the all time high at 17365. A very sharp correction in mid October to mid September took 4 weeks. However the unexpected recovery took only 2 weeks. It is simple. Failure to beat important all time highs at 17355/365 this week is very negative & should trigger a move lower towards 17285/280 then support at 17225. If this does not hold the downside today look for 17185/80 then excellent support at 17140/130 for a short term buying opportunity.
Obviously a break above 17355/365 this week is very positive & targets 17440, 17510 then 17580 & perhaps as far as 17679 this week.
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