Martinspoon

DOW Sitting on a Support Level?

Long
FOREXCOM:US30   Indice Dow Jones Industrial Average

The Smiley face on the chart is sitting on a 240 support level. If this support hold its ground, we might end up with a good rocker to the upside. A Buy Stop entry is shown with the green line. Stop is shown by the red line which is the low of the U turn. Price on 15 min has crossed above the trend line. Backside of the trend line being tested. If the test fails and the trade takes off, I will provide our possible target. Waiting for a high to insert Fibs. Thank you.

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