Emini Dow Jones Bounces From First Support At 17,780/770
Jason Sen | Apr 09, 2015 04:16AM ET
Emini Dow Jones first support at 17,780/770 is key to direction. Below here however risks a rest of yesterday's low at 17,737 then weak support at 17,720/710. If we continue lower look for strong support at 17,655/645 and a buying opportunity with stops below 17,615. Be ready to go with a break lower using 17,655/645 as resistance to target 17,585. If we continue lower we risk a slide to the April lows and good support at 17,495/475.
Holding first support at 17,780/770 triggers a bounce to 17,805 then resistance at 17,870/880. Try shorts with stops above 17,905 to target strong resistance at 17,960/970. Try shorts again with stops above 5 week trend line resistance at 18,010.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.