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Technical forecast for Dow Jones

By () · August 12, 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 just starting to break lower as we tested support at 15345/35 & spiked to 15305 before recovering. Failure to beat 15375 today keeps the market under pressure for 15345/35 then a retest of 15305. The outlook is quite negative so a break lower cannot be ruled out and could target 15260/55. If we continue lower perhaps later in the week we could test good support at 15170/65.

Above 15380 is less negative & could reach 15410/17. We should struggle here but if we continue higher look for resistance at 15451 with a selling opportunity at 15485. Exit longs & try shorts with stops above 15525.

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