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Emini Dow Jones Bounces From First Support At 17,780/770

Published 04/09/2015, 04:16 AM
Updated 07/09/2023, 06:31 AM

Emini Dow  Jones Daily Chart

Emini Dow Jones first support at 17,780/770 is key to direction. Below here however risks a rest of yesterday's low at 17,737 then weak support at 17,720/710. If we continue lower look for strong support at 17,655/645 and a buying opportunity with stops below 17,615. Be ready to go with a break lower using 17,655/645 as resistance to target 17,585. If we continue lower we risk a slide to the April lows and good support at 17,495/475.

Holding first support at 17,780/770 triggers a bounce to 17,805 then resistance at 17,870/880. Try shorts with stops above 17,905 to target strong resistance at 17,960/970. Try shorts again with stops above 5 week trend line resistance at 18,010.

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