Dow Updates
23 Oct - Dow Remain Bullish
InvestorsDoctor
Publish date: Mon, 23 Oct 2017, 06:09 PM
InvestorsDoctor
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23/10/2017
US Mini Dow Jones Dec 17
Yesterday close : 23277 +163
Dow Jones index break and close at another historical high after the Senate approved a $4 trillion budget measure on Thursday by a vote of 51-49. Rebound of General Electric shares from a 6 percent deficit to positive also helped lift the market.
Based on hourly chart analysis show index retrace from outside of BB. index continue trades at overbought zone as indicated by RSI, be cautious of overbought correction, may test the middle of BB which is around 23240.
Price level to watch out today:
Support 23240 23153
Resistance 23311
Recommended trading plan today:
1. Sell 23279 with stop at 23292 for a overbought correction, profit 23266/23241.
2. Buy at higher high 23312 with stop at 23279, profit 23345 or higher.
Margin Requirement (per lot):
USD 3685
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