Micro E-mini Dow Jones Industrial Average Index FuturesCBOT
Description
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CBOT_MINI:MYM1! Dow Futures have broken below the distributive uptrend channel and confirms the double top formation. Long-term MACD is bearish while mid-term stochastic has shown an oversold crossover. 23-period ROC is below the zero line and Ichimoku has shown first sign of bearish signal. Support is at 37,600
Comment
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Rebounded at key support of 37,600. However, please be cautious on riding the rebound. Consider taking some profit first
Comment
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Likelihood of a strong upside targeting 39,874
Comment
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Broke beyond the 40K region. Potential expanding flat forming. Volume is low, so the ATH may falter.