Dow Jones signal
A good day for our Wall Street signals subscribers, we asked them to sell Dow Jones, It crashed and our subscribers exited at our target. Here is what we wrote to our subscribers today.
Sell US30 at 24430 with stoploss of 24530 for target of 24300.
Dow Jones crashed and our subscribers exited with 130 pips and we enjoyed around 1300$ profit per lot.
Currently Wall Street trading at 24290, A good support on this major index stands at 24180, If traders tank this base and manage to sustain trade below our support. Then expect more pressure in Dow Jones upto 24030- 23900 today.
A good resistance on DJIA index stands at 24520, If traders break this hurdle and manage to sustain trade above our resistance. Then expect good rise in Dow Index upto 24670- 24800 today.
Currently Wall Street Index trend is weak, avoid major buy for now as it already tanked too much. Stay cautious and avoid sell as well. No fresh selling on these levels for now.
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Read latest gold forecast here
Currently Equity markets not effecting dollar index. Despite this crash dollar index is intact and trading with positive bias. A good resistance on dollar chart stands at 90.50, Once traders break this road and make inroad. Then expect good firepower in dollar index upto 91.20- 91.60 and even more.
A good support on dollar index stands at 88.50, If traders break this support and manage to trade below this support. Then expect greenback to test upto 88.10- 87.70 and even more pain in dollar not ruled out.
Dollar Index trend is flat to positive. Avoid major selling in this. Due to dollar index even gold prices are looking weak. Avoid buy in gold too.
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