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5/3/2019
*US Mini Dow Jones Mar 19*
Yesterday close : 25814 -217
DJI erased its previous gains and hit its lowest since 15 Feb yesterday as weighed down by weak US economic data. Today watch out for new home sales data on 11pm.
Hourly chart showed a breakdown from sideway range, more potential correction ahead and now testing rebound from RSI oversold.
*Classic Support & Resistance*
Support: 25605 25275
Resistance: 26006 26171 26238
*Recommended trading plan today:*
1. Buy 25830, stop 25800, profit 25860/25890/25720.
2. Sell 25740, stop 25770, profit 25710/25680/25650.
*Margin Requirement (per lot):*
USD 6490
Disclaimer: Idea sharing only, trade at your own risk.
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