Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 1/8/2019 - Break down from sideway, may enter correction stage

InvestorsDoctor
Publish date: Thu, 01 Aug 2019, 12:20 PM
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1/8/2019

 
*US Mini Dow Jones Sep 19*
 
Yesterday close: 26855 -309
 
DJI tumbled more than 300pts, its worst day since May 2019 after Powell hints rate cut not the start of a trend. Watch out for jobless claims at 830pm tonight 
 
4H chart formed a break down from short term sideway, may trigger more correction if close below 26600.
 
*Classic Support & Resistance*
Support: 26600 26400
Resistance: 27000 27300
 
*Recommended trading plan today:*
1. Sell 26728, stop 26753, profit 26703/26678/26653
 
*Margin Requirement (per lot):*
USD 6050
 
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