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Emini Dow Jones : Forecast December 18, 2014

Published 12/18/2014, 03:07 AM
Updated 07/09/2023, 06:31 AM

Emini Dow Jones Weekly Chart

Emini Dow Jones immediate resistance at 17,330/17,360 today of course. We should struggle here but the outlook is positive, so break higher would not be a surprise and we should target very strong resistance at 17,395/17,405. This is the big challenge today and may even be worth trying shorts, despite the positive outlook, with a stop above 17,440. Be ready to go with a break higher using 17,400 strong support to target 17,500/17,520. Exit longs here and try shorts up to strong resistance at 17,550/17,560, with stops above 17,600.

Failure to beat resistance at 17,330/17,360 triggers a dip back to 17,275/265 then good support at 17,210/17,190. Try longs here with a stop below 17,150. A break below here however then targets very good support at 17,080/17,060.

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