DOW 30

The Dow 30 finding resistance at the 8087 level where the 61.8% Fibonacci line YTD resides.

In the "must keep an eye on" category is the volume of the move away from this line.

If volume is weak during this retracement give creedence to the bulls and place your long calls in the 9k region.

If volume is strong and the retracement gains momentum to pierce throug the rising EMA's....Place your PUT orders in the 7500 area.

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