Mini Dow retested 15500/525 highs. As stated, the daily chart remains negative so this should offer a very good selling opportunity with a bearish double top pattern expected & this is exactly what we got. We should now continue lower to 15333 then 15285/55. This is good support today but with the daily chart looking increasingly negative we cannot rule out a break lower for 15181 possibly last week’s low at 15143. We have good support from here down to 15090 with a bounce expected here this week if seen.
Resistance at 15441 could hold the topside today but above here opens the door to a retest of 15500/525 highs.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in