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DOW Futures sell off to test uptrend line

DOW Futures sell off to test uptrend line

Hey traders just noticed that after that 1000 point drop it stopped right at the trend line 34,600. I think traders might buy the dip this week. If this trendline holds then we could see a quick bounce back to 35,500. If however we break support below then we could see a bigger retracement. All in all though I think it's a decent risk vs reward for those that are planning to buy the dip because after all the trend is your friend! Good luck to all and have a properous trading week.

Risk Management:

(Always look at every trade as how much you can afford to lose. Make sure it is your risk managment tolerance. Most experts recommend never to risk more than 2% of you total account equity on any given trade. Then protect your profits until market reaches your desired target.)

Trade Well,


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