FxMoneyMiami
Long

US30 LONG 'DOW JONES'

OANDA:US30USD   US Wall St 30
As we witnessed a clear bounce off of the 1HR demand area, we should see a retest of the latest record high. With major components of the Dow already reported Q4 profits, we should whiteness some slow down, towards our previous weekly supply (resistance levels *27,250-*27,350). Although we are currently in a bullish sentiment with trade talks taking a sharp turn positive over last week, a retest of our previous resistance zone is eminent, before our push into the $28,000's. A clear wedge forming on the higher time frames, where we should be looking for short opportunities in the 28,300-28,450 area moving into the new year with the presidential election will become the new topic of economic news.

Happy hunting :)

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