Check the chart from Bigger Time Frame to Smaller Time Frame...
YM (mini Dow $5 Futures) 4 Hour Chart:
YM already corrected 1/3 from last up-move, the correction is sharp.
And it is trading near EMA50 (4 Hour) support.
DJIA 30 Min Chart:
Similar price action. but 4 Hour chart yet to see support. Support current low 12475. Resistance 12615.
YM (mini Dow $5 Futures) 30 Min Chart:
Therefore, suspect today a little bit of pull up, and I favour to trade both sides.
Long @ 12470 (near low), SL 12424, TG 12600.
Short @ 12672, SL 12718, TG 12500.
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