Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 8/7/2019 - Entered technical correction but trend is still bullish

InvestorsDoctor
Publish date: Mon, 08 Jul 2019, 11:31 AM
InvestorsDoctor
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8/7/2019
 
*US Mini Dow Jones Sep 19*
 
Yesterday close: 26885 -85
 
Dow Jones retreated from historical high on last Friday after strong US economic data dampened hope of interest cut this month.
 
Hourly chart entered technical correction but trend is still more to bullish.
 
*Classic Support & Resistance*
Support: 26728 26609
Resistance: 26947 27009
 
*Recommended trading plan today:*
1. Sell 26820, stop 26845, profit 26795/26770/26745
 
*Margin Requirement (per lot):*
USD 6050
 
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