E-mini Dow futures a selling opportunity on more price weakness.
See on the daily bar chart for the Dow stock index futures that prices have dropped sharply from the recent all-time high and have hit a fresh five-week low. Prices also saw a big and bearish gap-down move on the daily bar chart last Thursday. The bears have gained downside technical momentum and would gain more near-term power by pushing prices below major support at the 15,000 level. That would also become a selling opportunity in the Dow e-mini futures. The downside price objective would be 14,500 or below. Technical resistance, for which to place a protective buy stop just above, is located at 15,250.
