Emini Dow Jones Struggles In Overbought Conditions
Jason Sen | Nov 05, 2015 05:25AM ET
Emini Dow Jones may see further small profit taking before tomorrow's NFP release. Failure to beat 17800/805 risks a slide to 17756 then minor support at 17740, but we look for better support at 17705/700 which could hold the downside. However, longs need stops below 17680. A break lower risks a slide to 17650/640 for a buying opportunity with stops below 17590.
Above 17810 is more positive and targets 17835/840 then 17865/870 before this week's high at 17906. On a break higher look for 17940/950 and perhaps as far as 18010/020.
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