SonicDeejay

Dow Jones Weekly Update (26/12/15)

CBOT_MINI:YM1!   E-MINI DOW JONES ($5) Futures
This index just failed to break 17030 level, which is the bad news for Bearish traders.
Last week and next week, market will be pretty unreliable with the thin trading during the holiday week.

I am Only Slightly Bearish on this pair as Bull and Bear have pretty even percentage of winning. And we had lots of Smart Money's possible heavy buying near 15800 level..

17030 is pretty important support level , and it has to be broken down strongly to form Lower Low, while 17880 is the another important level (see arrow line), where Bear positions await.



Resistant: 17880, 18050, 18270
Support: 17040, 16353, 15807

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