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Soultrader

Another interesting week for the Dow

By Soultrader, in Market News & Analysis

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Soultrader    12

Soultrader
Posted

We had a very interesting trading session yesterday on Sept 1st, 2006. The dow futures (YM) managed to push through significant resistance at the 11418 level. We also saw a good continuation of the trend towards the upside.

 

On a daily chart, my next level of resistance is the May high set in 2006. Technical anaylsis on the dow mini's had provided good clues for this breakout move. It was appoximately a 2 week battle between the bulls and bears to break this critical level.

 

Next week will be another interesting trading week.

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