US30 - Intraday dip buying idea

FX:US30   Dow Jones Industrial Average Index

DOW30 - Intraday - We look to Buy at 27300 (stop at 27275)

Price action resulted in a new all-time high at 27403. Momentum is stalling with the posting of new highs and indicates bearish divergence. Prices have reacted from 27403. The medium term bias remains bullish . Further upside is expected although we prefer to set longs at our bespoke support levels at 27300, resulting in improved risk/reward.

Our profit targets will be 27400 and 27475

Resistance: 27403 / 27475 / 27541
Support: 27340 / 27300 / 27280
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