DOW30 - Intraday - We look to Buy at 27200 (stop at 27100)
Price action resulted in a new all-time high at 27403. A formation has been posted at the low. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. A has been posted as prices reject the lower levels. Further upside is expected although we prefer to set longs at our bespoke support levels at 27200, resulting in improved risk/reward.
Our profit targets will be 27400 and 27500
Resistance: 27403 / 27500 / 27625
Support: 27200 / 27000 / 26850