Dow retesting the highs again

Dow retesting the highs again

The Dow Jones is retesting the highs again premarket on moderate volume trading below the point of control of today’s session and retesting the vwap (volume weighted average price).

This is the third time this week this level has been retested and rejected premarket and then flushed at the opening. we expect the same to happen today after price broke with the previous lows.

Targets remain at the lows of the previous move around the 30100 but we will be looking closely at the 30200 which is today`s open for bulls jumping in.

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Author : Orlando Gutierrez

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