Emini Dow Jones Sep13 hit our selling opportunity at 15475/80 & topped exactly here. We then retested 15305 & bottomed exactly here. In between
Emini Dow Jones September contract Daily Forecast - 14 August 2013Emini Dow Jones Sep13 hit our selling opportunity at 15475/80 & topped exactly here. We then retested 15305 & bottomed exactly here. In between these levels today watch 15404/09 then 15443/50. On the downside watch 15362/56. This market is directionless so we can trade the range while we wait for a breakout. Use 15475/80 therefore as a selling opportunity with stops above 15500 for 15525/30.
15305/15290 could be used as a buying opportunity but a break lower today cannot be ruled out as we think the risk of a range breakout is to the downside. This could target 15260/55. If we continue lower perhaps later in the week we could test good support at 15170/65.
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