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Emini Dow Jones Overbought Conditions Likely To Limit Gains

Published 10/13/2015, 02:49 AM
Updated 07/09/2023, 06:31 AM

Emini Dow Jones Chart

Emini Dow Jones overbought conditions are likely to limit any gains this week and risks increase for a move to the downside. However today the 1 month trend line resistance is at 17090/100 and therefore shorts need stops above 17140. A break higher targets a selling opportunity at 17250/270.

Profit taking could hit today to target 17000 then support at 16930/920. This could hold the downside on the first test, but below here targets 16840 then strong support at 16820/810 with a good chance of a low for the day.

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