Dow Updates

18 Oct - Dow at Another Historical High, BULL Remain.

InvestorsDoctor
Publish date: Wed, 18 Oct 2017, 12:36 PM
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Following Message
18/10/2017
 
US Mini Dow Jones Dec 17
 
Yesterday close : 22961 +63

 
US stock market break 23000 historical high for first time, lifted up by index stocks with continuously higher high, set the index for further bull run.
 
Based on hourly chart analysis, be cautious as index now in overbought, may trigger a correction, overall, the market remain uptrend.
 
The factors to watch for US market this Week:
1. US Jobless claim, 830PM, Thursday, 19 Oct
2. US existing home sales, 10PM, Friday, 20 Oct
 
Price level to watch out today:
Support 22961
Resistance 22987
 
Recommended trading plan today:
1. Sell now with stop at 22988 if expect for a overbought correction
2. Buy at higher high 22988 with stop at 22960
 
Margin Requirement: 
USD 3685
 
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