Dow futures entering into a correction mode.

The Dow Jones Industrial E-mini future is entering into a correction mode and we believe that there will be slight rebound at 28097 regions of support 1. However subsequent rebound may be at 2700 where the support zone 2 is. Current short term bias is bearish. unless 29250 supply zone is invalidated within the next 5-6 periods.

Trade stängt: Stopp nått:

Both Support level has been invalidated. We believe that the bear has turn into an impulse rather than a corrective action. Thus in the short term, we are looking to short.