Emini Dow Jones Headed For Short Term Resistance At 18,080/090
Jason Sen | Apr 22, 2015 02:08AM ET
Emini Dow Jones must hold above 18,865/855 if we are to recover today and target resistance at 17,920/940. Shorts need stops above 17,870. Be ready to go with a break higher for a potential retest of last week's high and short term trend line resistance at 18,080/090. Watch for a high for the day once again, but shorts need stops above 18,125. Be ready to go with a break high for 18,155 then 18,210/220 before all time high at 18,270.
Failure to beat 17,920/940 risks a slide to first support at 17,865/855. We could try longs with stops below 17,830 but be ready to go with a break lower to target 17,770/760. If this does not hold the downside look for support at 17,725 but failure here risks a retest of last week's low and 2.5 month trend line support at 17,670/660.
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