Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 4/1/2019 - Watch out for economic data and Fed speech tonight

InvestorsDoctor
Publish date: Fri, 04 Jan 2019, 11:55 AM
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4/1/2019

 
*US Mini Dow Jones Mar 19*
 
Yesterday close : 22659 -666
 
DJI plunged more than 600pts yesterday as weighed down by slowing US factory activity and a lower earning forecast of Apple. Today watch out for payroll & unemployment rate data on 930pm and Fed Chair Powell Speak on 1115pm.
 
Hourly chart showed DJI retreat from high with heavy volume while technical indicators crossing down, may signal that rebound come to an end. Fibo retracement level of swing 21452-23414 suggested close below 22200 to trigger more downside.
 
*Classic Support & Resistance*
Support: 22563 22242
Resistance: 23123 23436
 
*Recommended trading plan today:*
1. Buy 22782 for technical rebound, stop 22749, profit 22815/22848/22881/22914
 
*Margin Requirement (per lot):*
USD 6490
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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