Technical forecast for Dow Jones

dow2

Emini Dow Jones Sep13 continued higher look to reach the 15343/48 target & has hit 15398 over night. If we continue higher again there is little in the way of a retest of 15508/23 all time highs.

We are severely overbought short term & getting overbought on the daily chart also. We could hit profit taking at any time therefore & test support at 15343/48 then 15260/50 which could hold any profit taking.

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