Emini Dow Jones: On Further Gains Look For 20070/980
Jason Sen | Jan 04, 2017 05:32AM ET
Emini Dow Jones has bounced to minor resistance at 19825/830 and topped exactly here over night. On further gains we retest strong resistance at 19870/880 and another short term selling opportunity with stops above 19900. Be ready to buy a break above here for a move towards the March contract high at 19933. A break higher targets the all time high at 19968. On further gains look for 20070/980.
Failure to beat minor resistance at 19825/830 initially targets 19755/750 before yesterdays low at 19710/706. A break lower today not out of the question for a test of good support at 19630/620. Longs need stops below 19600 however to target 19560/555 and 19520. It's possible we fall as far as a buying opportunity at 19375/365 before the bull trend resumes.
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