Dow Jones Futures and the technical ping pong game
Dow Jones has fluctuated strongly during the previous despite being trapped within a sideways range during the previous period.
The recently drawn candlesticks reflect some kind of technical hesitation between the resistance line connected the movements from all-time high at 18270.00 and the support line set from 15775.00 as seen on the provided daily graph.
Meanwhile, technical indicators continued to give off mixed trading signals, while SMA50 traded in the middle area between support and resistance, reflecting the trendless actions.
Short-term traders should be patient and wait until Dow Jones succeeds in breaching one of these lines to enter the market.
A sustained breakout above 18100.00 is a positive indication; on the contrary, blasting through 17710.00-17705.00 may bring panic sell-off actions.