Dow Jones (CME) (M1) Intraday: the bias remains bullish.
Pivot:
34050.00
Our preference:
Long positions above 34050.00 with targets at 34600.00 & 34800.00 in extension.
Alternative scenario:
Below 34050.00 look for further downside with 33750.00 & 33470.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Pivot:
34050.00
Our preference:
Long positions above 34050.00 with targets at 34600.00 & 34800.00 in extension.
Alternative scenario:
Below 34050.00 look for further downside with 33750.00 & 33470.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.