Emini Dow Jones: Forecast January 21, 2015
Jason Sen | Jan 21, 2015 08:01AM ET
Emini Dow Jones March same levels apply for today as we become overbought short term. Immediate resistance at 17,480 but above here re-targets resistance at 17,500/520. Try shorts in this band with stops above 17,540. However be ready to go with a break higher for the next target & resistance at 17,585/590. Try shorts with a stop above 17,630. Be ready to go with a break higher using 17,590 as support for a move up to very strong resistance at 17,675/695. This is an excellent selling opportunity with stops above 17,750.
Failure to beat 17,480 targets 17,410/400 then support at 17,345/330. Failure here however offers a buying opportunity once again at 17,270/260 with a stop below 17,200. Watch good support at 17,180/170 which could hold the downside but longs need stops below last week's low of 17,125.
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