Daily Forecast - 29 July 2015
Emini Dow Jones September contract
Emini Dow Jones direction for today is unclear but holding above 17,500 re-target 17,545/550 then strong resistance at 17,605/610. Sell here, stop 17,645. Target1 @17,555, T2 @17,500. Be ready to buy a break above 17,640 however to target 17,700/710 for the next selling opportunity.
First support at 17,495/500 but below here keeps bears in control to re-targets 17,425/420 & yesterday's low at 17,372. Below here today, a retest of 17,320 is possible. We are getting oversold so the downside could be more limited today but be ready to sell a break below to target 17,270/260. Further losses target 17,220/215 then 17,190/185.
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