DOW30 - Intraday - We look to Buy at 26775 (stop at 26700)
Prices have continued the move lower and resulted in 4 consecutive negative days.
Afternoon dips were bought into and follow through momentum resulted in the market moving higher.
The overnight dip has been bought into and there is scope for further pressure going into this morning.
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 26775, resulting in improved risk/reward.
Our profit targets will be 26975 and 27100
Resistance: 26900 / 26975 / 27100
Support: 26775 / 26650 / 26500