Emini Dow Jones Bottoms At 11878
Jason Sen | Jun 25, 2015 12:37AM ET
Emini Dow Jones first support at yesterdays low of 17,880/875 but a break lower is a sell signal and targets support at 17,820/810. This could hold the downside but longs need stops below 17,790. A break lower targets 17,750 then important support at June lows at 17,700/690.
Holding first support at yesterdays low of 17,880/875 triggers a bounce to minor resistance at 17,935/945. If we continue higher look for a selling opportunity at 17,990/800, stop 18,035. Target1 @17,950 (trail stop to entry), Trgt2 @17,900. If we continue higher look for a retest of yesterday's high at 18,080. Only a break above 18,115 would be the next buy signal to target 18,160/165 then 18,200/205. If we continue higher look for a retest of important September contract highs at 18,250.
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