Technical forecast for Dow Jones

dow

Emini Dow Jones Sep13 held 15060 support & unexpectedly broke 15095/15110. We have reached trend line resistance at 15218 which is holding at this stage but a break higher is possible today & should target 15270/90. we should struggle here & a high for the day is possible but if we continue higher look for a test of June highs at 15343/48.

Support at 15200 but below here risks a slide to 15120/10 for a buying opportunity today with stops below 15060.

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