DOW Futures 24th June 2009 recap

"Expectation US markets are heading down

Wednesday looks to be rising up back into the 5-day 50% level, and normally this level is used to trade Monday's breakout....

Short trade the breakout using the 5-day 50% level as resistance the next day"


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DOW Weekly and 5-day pattern

DOW heading down towards 8120 in the short-term....

Wednesday's resistance, as part of the Monday breakout:- test and reject down towards Wednesday's lows using the 50% level.




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