Emini Dow Jones Technical Forecast: May 15, 2018
Jason Sen | May 15, 2018 04:22AM ET
Emini Dow Jones posted its 8th consecutive day of gains but we stopped short of 27995/999 and dipped back to exactly 24860/830. As stated yesterday: We are overdue for a short-term correction but with no sell signal a short would be very high risk. A break below 24860/830 however targets 24770/760, perhaps as far as 24720/710. The downside is expected to be limited but look for strong support at 24625/615 this week.
Holding 24860/830 allows a recovery to 24900/910 before the high at 24971. Further gains not out of the question in the strong bull trend, despite overbought conditions for 27995/999 & 25050/060.
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