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Technical forecast for Dow Jones

By () · July 10, 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

Emini Dow Jones Sep13 headed higher but failed just below the target of 15270/90. As stated yesterday 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.

We are however very overbought short term & therefore there is a risk for a move lower towards 15180 & possibly as far as 15138. A low for the day is possible here but if we continue lower look for a buying opportunity at 15075/65. We should see a bounce from here but longs need stops below 15020.

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