Dow Jones – Sell Trade At Key Level Profits
Second Skies | Oct 14, 2014 12:55AM ET
Dow Jones – Pullback Level Leads to Heavy Sell-Off
Yesterday in the role reversal level perfectly, and then sold off heavily over +300 points, so those of you who traded it would be in a nice profit now.
The short term resistance is now around 16425, but a corrective pullback into 16600 would be potentially another selling opportunity. The trend is short term bearish so we are looking to sell on weak rallies until we get a strong daily close above 16800.
In today’s daily trade setups commentary , we also discuss the EURUSD, the EURGBP, the USDCAD and USDCHF trade setups.
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