5/6/2018
US Mini Dow Jones Jun 18
Yesterday close : 24796 +167
A rally in tech stocks pushed index up on yesterday. Today watch out for non-manufacturing PMI at 10pm.
Daily chart show DJI continue to move in a large sideway range (23100-26700), while technical indicators slightly upside, wait for more breakout signal. Hourly chart show DJI retreated from RSI overbought, which is also near previous resistance and Fibo level.
Classic Support & Resistance
Support: 24571 24475
Resistance: 24788 24906
Recommended trading plan today:
1. Sell 24769 for retracement, stop 24794, profit 24744/24719.
2. Look for buy signal above 24863.
Margin Requirement (per lot):
USD 5390
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Created by InvestorsDoctor | Dec 27, 2019