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Technical forecast for Dow Jones

By () · April 30, 2013 · Comments Off on Technical forecast for Dow Jones
Indices · analysis, binary option, buy sell, candlestick, charts, day trade, day trading, down trend, fibonacci, forecast

Mini Dow beat resistance at 14690/700 then failed just below all time highs at 14800/823. We are overbought in the short term now so watch for a move below 14730/10 to target 14659. Below here then risks a test of the next support at 14608 which could hold the downside today. We need stops on longs below 14595 for a slide to 14568/57 & a buying opportunity here.

Resistance now at 14786/14823 all time highs but a break higher could target 14861 then 14935/55.

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