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Chris Capre
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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:
2ndSkiesForex
My blog:
2ndSkiesForex
My book:
Trading Price Action and Pivot Points
  • Dow Jones Approaching Key Level, More Upside? 0 comments
    Nov 26, 2012 7:01 PM

    Dow Jones Index
    The Dow Jones Index has been impulsively bullish over the last 10 days, gaining 500pts in the process and stopping right at the big figure at 1300. Today's selling was corrective in nature, and the intraday bounce off 12900 has virtually taken out the last 12hrs of selling - a strong bullish signal.

    I'm expecting this level not to hold and offer a breakout pullback setup to get long. Only a strong price action reversal signal here would change my short term bullish bias. Bears can watch for clues at this level, or wait till 13250 before attempting to short the index.

    (click to enlarge)

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