Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 8/3/2019 - Potentially more correction ahead but be cautious of RSI bullish divergence

InvestorsDoctor
Publish date: Fri, 08 Mar 2019, 11:30 AM
InvestorsDoctor
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8/3/2019

*US Mini Dow Jones Mar 19*

Yesterday close : 25467 -199

DJI tumbled near 200pts last night after ECB decided to defer interest rate hikes due to economic concerns. Watch out for nonfarm payrolls & unemployment rate on 930pm tonight.

Hourly chart showed DJI hit its lowest since mid of Feb 19, signaled for more technical correction but be cautious of potential RSI bullish divergence.

*Classic Support & Resistance*
Support: 25275 25133
Resistance: 25751 25890

*Recommended trading plan today:*
1. Wait for breakout 25580 or 25370.

*Margin Requirement (per lot):*
USD 6490

Disclaimer: Idea sharing only, trade at your own risk.

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