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1/11/2018
*US Mini Dow Jones Dec 18*
Yesterday close : 25077 +218
DJI rebounded for another day as lifted up by chip & transport stocks and positive ADP nonfarm employment data. Watch out for jobless claims data on 830pm & ISM manufacturing PMI on 10pm tonight.
Hourly chart formed a technical rebound from RSI bullish divergence and sustain above middle line of BB, now testing 61.8 Fibo retracement level of swing 25845-24086.
*Classic Support & Resistance*
Support: 24823 24626
Resistance: 25596 25845
*Recommended trading plan today:*
1. Look for buy signal above 25303.
2. Look for sell signal below 25029.
3. Sell 25129 for technical correction, stop 25166, profit 25092/25055.
*Margin Requirement (per lot):*
USD 5830
Disclaimer: Idea sharing only, trade at your own risk.
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