Technical forecast for Dow Jones

dj1

Mini Dow daily chart remains negative as we hold below 15333. A move back below 15285/55 could be seen today & we cannot rule out a test of 15181 & possibly even last week’s low at 15143. We have good support then at 15090 with a bounce expected here this week if seen.

Resistance at 15333 as stated but above here look for 15377 & a potential selling opportunity. However we need stops above 15400 for 15441 which should hold the topside today.

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