Technical forecast for Dow Jones

dow

Mini Dow holding above support at 14992 but a move below here is possible today with the market so overbought & should find 14942/926. We would expect a low for the day here so exit shorts & try longs with stops below 14870.

Resistance at all time highs of 15112 should see us struggle. A break above 15120 however keeps the upward momentum going for a target of 15170/75 & possibly 15244.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More