Emini Dow Jones Rejects Strong Resistance At 24470/500
Jason Sen | Apr 13, 2018 06:02AM ET
Emini Dow Jones rejected strong resistance at 24470/500 and shorts are working as we dip to 24360 before first support at 24300/280. We could hold here initially and see a small bounce but below 24250 risks a slide to good support at 24100/24090. A break below 24050 is a sell signal targeting 23950 and minor support at 23900. A break below here is further negative confirmation as we look for 23800/790 and 23700, perhaps as far as 23590/580.
Strong resistance at 24470/500. Shorts need stops above last week's 24600 high to target very strong resistance at 24710/730. Try shorts here again with stops above 24800.
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.