Chris Capre's  Instablog

Chris Capre
Send Message
Chris Capre is a professional forex, index futures and commodities trader, specializing in Price Action & Ichimoku trading. Chris applies his methods to the markets both intraday and medium term swing trading, and has been trading for over 13 years. He is also the manager for a private fund... More
My company:
My blog:
My book:
Trading Price Action and Pivot Points
  • Dow Jones Key Support Comes Under Pressure | Oct. 29th 0 comments
    Oct 29, 2012 6:24 PM

    Dow Jones
    Skynet was offline today, along with all human traders as hurricane Sandy forced US exchanges to close today. Regardless, a key support level in 13000 is coming under pressure for the Dow Jones. Although a decent sized pin bar formed Friday off this level, pressure remains on the major index, and should the key support fail, 12750 and 12500 will be under attack shortly after.

    Bears currently have control so intraday pullback setups towards 13150 and 13300 are good areas to sell on rallies. Bulls will want to see more stability here, or a deeper pullback before entering long.

    (click to enlarge)

    For those wanting to learn to trade price action, access to the traders forum, lifetime membership & more, visit my Price Action Course page here.

    Upcoming Economic Announcements:

    AUD HIA New Home Sales (MoM) 20.00EST
    EUR Spain GDP (YoY) 04.00EST
    EUR ECB Draghi Speaks on Central Banking 04.00EST
    EUR German Unemployment Rate 04.55EST
    EUR Euro-Zone Business Climate Indicator 06.00EST
    USD Consumer Confidence 10.00EST
Back To Chris Capre's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.