DOW E-mini April 3rd 2008

DOW and E-mini Daily Charts

DOW stalled at the Weekly highs, whilst the S&P has broken out above them.

There can be a very similar trading pattern today, as what has occur in the Australian Market:- 1 day stalling day (yesterday) and next day rally, as it moves with the Weekly Trend higher into Friday....

DOW and E-mini 5-day patterns:-

And that's going to be defined by the Risk Support levels:- above and it's obviously heading higher.

Don't short trade above the blue channel highs:- continued UP move into higher prices Friday.

Note: blue channel highs can act as early resistance.

Below RISK:- and the model is for price to come back down and re-test the 5-day highs breakout from Tuesday, and 5-day 50% level.

DOW intraday and channel breakout.....

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