Gerardz

Dow Jones Swing Long Idea

Long
CBOT_MINI:YM1!   E-mini Dow Jones ($5) Futures
The past week we saw a complete meltdown of Dow compared to S&P and Nasdaq, the leadership is still with these two markets. I have indicated two areas where we could see a reaction to the upside. The first area is the gap which will most likely be filled in this week and if we don't see a bounce of the first area, my next price range will be the imbalanced price range below. As always I'll be looking to add a long position on a lower time frame if I see the market starting to reverse to the upside. If any of the two areas will provide the support my immediate target will be the two equal highs. We'll see how it plays out.
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