Dow Jones up 9% deom May lows: Daily key levels to watch
|The Dow is up more than 9% from May 22nd lows without any sign of sellers jumping in and without any deep pullbacks.
Today is memorial day in the US so we expect a very slow trading session. Having said that we are looking for a pullback to possibly get involved in this market.
Our big buy zone would optimally be around the 32500 level should a clean rejection take place. Deeper pullbacks could play out so here's the daily key trading levels for the Dow:
R1- 33300.00
R2- 33500.00
R3- 33900.00
S1- 32500.00
S2- 32000.00
S3 31800.00
Join Learn 2 Trade VIP Group now!
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.