Dow Updates
Daily Futures Commentaries: [Mini Dow Jones] 15/2/2019 - Testing technical correction in a rebound stage
InvestorsDoctor
Publish date: Fri, 15 Feb 2019, 11:29 AM
InvestorsDoctor
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15/2/2019
*US Mini Dow Jones Mar 19*
Yesterday close : 25427 -61
The steepest decline in US retail sales since 2009 sent US stock market lower yesterday.
Hourly chart showed DJI entered technical correction in a rebound stage, yet managed to sustain above 61.8 Fibo retracement level of swing 24862-25622, close below 25300 to trigger more downside.
*Classic Support & Resistance*
Support: 25133 24862
Resistance: 25622 26088
*Recommended trading plan today:*
1. Sell 25303, stop 25347, profit 25259/25215/25171.
*Margin Requirement (per lot):*
USD 6490
Disclaimer: Idea sharing only, trade at your own risk.
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