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Emini Dow Jones meets strong resistance at 16240/245

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 16, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 16 February 2016 Emini Dow Jones March contract Emini Dow Jones meets strong resistance at 16240/245 & the main challenge for bulls today. We are overbought short term so a good chance of a high for the day but shorts need stops above 16290. A break higher is very positive & targets 16380/385 then resistance at 16450/470. Shorts need stops above 16520. Below 16150 risks a slide to 16050/040. A break below 16000 then targets 15900/880. This is the last line of defense

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