Emini Dow Jones return to 15800/750 gave us our a medium term buying opportunity & prices bottomed exactly here. **It does look like yesterday will
Emini Dow Jones December contract Daily Forecast - 17 October 2014Emini Dow Jones return to 15800/750 gave us our a medium term buying opportunity & prices bottomed exactly here. **It does look like yesterday will mark a low for the correction.**IT IS TOO RISKY TO RUN SHORTS ANY FURTHER.*We do expect a recovery in to next week.*We change strategies now & buy in to weakness rather than sell in to strength.* Any return to 15800/750 is a medium term buying opportunity with stops below 15700. A break lower however sends prices in to free fall again & targets 15625 then 15550.
We favour a recovery scenario now & having beaten 16050 in a positive signal we hit our target strong resistance at 16140/50. We topped exactly here as predicted. However to repeat, the outlook is now positive! Be ready to go with a break higher today to target 16215/225. We should struggle here initially but a break higher always possible & should target 16365/75 for a short term selling opportunity.
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