Emini Dow Jones outlook.
Wednesday, November 28, 2018
Emini #DowJones longs at the most important support of the week at 24270/220 are working perfectly this week. It is volatile & certainly not easy to hold the long position, but eventually we beat 25640/660 to top exactly at the next target of 24780.
(This was only after a sharp sell off to minor support at 24430/400…we bottomed exactly here).
Emini Dow Jones holding above 25640/660 as we top exactly at the next target of 24780. Outlook remains positive as we look for 24830/840 & strong resistance at 25070/25100.
First support at 25640/660 but below here risks a slide to 24430/400.
#tradeideas #tradesignals # #technicalanalysis #DJI #index #stockmarket #DJIA
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About the author
Jason Sen, founder of DayTradeIdeas, began his trading career in the options pits on the ‘open outcry’ trading floor of the London International Financial Futures Exchange (LIFFE) in 1987 at the age of 19, trading a broad range of financial futures and options on his own account. In 2001 when the trading floor closed he successfully made the transition to electronic day trading. Trading the financial markets is all Jason has ever done, every day, for over 25 years!
Jason uses this experience to advise traders at some of the largest Investment Banks and is also the leading provider of daily technical analysis to the