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 divergence. Prices have reacted from 27403. The medium term bias remains . 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