DOW

Closed @ 17077.
uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI

This looks to be in a triangle formation atm.
Worth trading on the break either way, so for tommorow the important numbers are, 17080 on the upside breakout, and 16935 for the support channel, 16935 is also the where the 50 day ema is, and its bounced from this level a few times now. I will trade this only at those two levels.
Long @ 16935 or long @ 17080.
If it breaks below 16935, then wait for a retest, and short imo.
A RSI breakout may give a clue which it will go.

As always with the dow, stops are your best friend, and move b/e quickly imho.

Regards,
trendfriend.

Well done TF - worked nicely from the look of it! Hats off for your live posting prior to the event - never easy on the indices!

Long @ 16940 here, as per below trade plan.

I'm going to go long @ 16937, if we get to that level,on a first attampt basis, we have two supports at this level, the 50 day, and support from the last drop to this price.
uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI

This shows the 50 day ema is important, as it does bounce quite often from here, and a fall below usaully results in a bigger fall on most occasions.

uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI

i will keep my stop tight, 15 points only, and move it up quickly

Regards,
trendfriend.

Just taken updata,so here is the p&f for DOW.

BW

number for dow today: how price react to this will guide whether this thing goes much much higher or is in the process of topping short term.

17038 > 17062 > 17072 not to be messed with, 17083 "bull / bear line" - should dow get abv 17083 and hold - short term target can be 17157


a breach of 17038 > 16962 and 921 for now. a break below 921 then watch out.

happy trading...

WS