Ian Coleman of First4Trading.net explains in a technical analysis of charts why he is trading Dow Jones (US 30i).

He is considering two potential trades: either sell at 23,367 or sell on a break of 23,245. He is looking for a stop of 60 points. The projected target is  23,015. If 23,100 is broken, He would look to move stop to entry.

Coleman features technical analysis of a selected trade every week on Trading Floor.