Dow Jones up 9% deom May lows: Daily key levels to watch

Orlando Gutierrez Learn 2 Trade

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

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Author

Orlando Gutierrez

Learn 2 Trade

Orlando has been involved in the financial markets for about 10 years. His focus is Global Macro and he is a strong believer that the best way to trade the currency markets is focusing on the big picture and holding on to big macro trends.

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