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Dow Jones Key Support Comes Under Pressure | Oct. 29th

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.

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