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Dow Jones Futures - Jun 24

CME
Currency in USD
Disclaimer
38,453.00
+165.00(+0.43%)
Closed

Dow Jones Futures Discussions

The CPI volatility has started to kick in (report is out on Thursday) as the market got sold making a Double Top at 34,830 (futures price). We are currently on the 4H MA50 (34,575) and even though Friday's NFP confirmed the long-term bullish outlook, on the short-term there is potential to hit (and break) the 4H MA200 again so always keep your margin safe enough for a dip buy. Other than that, the Channel Up on 4H (RSI = 48.334, MACD = 23.00, ADX = 27.726) since May 20th is pretty standard with Higher Highs and Higher Lows with the current HH limit at 34,900 and HL limit at 34,400.
always appreciated George, but my tea leaves are telling me that we've hit the peak of this bull rally and the market has now turned - the double top over the last week was the lower high from three odd weeks ago and now we'll see a lower low
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