E-mini Dow futures a selling opportunity on more price weakness

See on the daily bar chart for the e-mini Dow stock index futures that prices have backed well down from the recent contract high. See, too, that the shorter-term moving averages I follow (9- and 18-day) are in a bearish mode as the 9-day is below the 18-day, and both lines are trending lower. The Dow bears would gain some fresh downside technical momentum by pushing prices below chart support at Tuesday’s low of 15,780. That would also become a selling opportunity. The downside price objective would be 15,200, or below. Technical resistance, for which to place a protective buy stop just above, is located at 16,000.

TI_121813.png