![](/files/my/blog/img/bl3946_ym270918r.png)
27/9/2018
*US Mini Dow Jones Dec 18*
Yesterday close : 26419 -101
DJI down for more than 100pts yesterday after an interest rates hike and US Fed Chairman said some financial asset prices are high. Today watch out for jobless claims , durable goods orders & GDP data on 830pm; Pending home sales data on 10pm.
Daily chart's bullish momentum intact but see some technical correction from RSI overbought, while hourly chart formed lower highs & lows and now testing rebound from RSI oversold, which is near 50% Fibo retracement level of swing 25991-26820.
*Classic Support & Resistance*
Support: 26265 26097
Resistance: 26627 26704 26739
*Recommended trading plan today:*
1. Buy 26455 for technical rebound, stop 26430, profit 26480/26505.
2. Look for sell signal below 26370.
*Margin Requirement (per lot):*
USD 5830
Disclaimer: Idea sharing only, trade at your own risk.
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