US30
OUTLOOK
The Dow Jones opened lower on Wednesday as higher Treasury yields weighed on major growth stocks, while downbeat data on services activity in China raised concerns about demand in the world's second largest economy.
Technical abstract :
The index price confirmed that it was affected by the control of the previously suggested bearish corrective tendency and reached the first target, and we notice that it is currently approaching the second target centered at 34444. Let us expect the price to resume the corrective decline by soon, facing an extension of the support for the main ascending channel, and then let us monitor its behavior given the importance of this support.
To confirm the bullish trend this requires the price to get a positive impulse and stabilized above 34633 and then the price will be continue at the bullish trend to reach 34885 and 35050
The expect range trading for today it will be between support line 34444 and resistance line 34633
Additionally , Additionally , today New York season will affect on the US stock index futures
Support line : 34444 , 34242
resistance line : 34633 , 34885
OUTLOOK
The Dow Jones opened lower on Wednesday as higher Treasury yields weighed on major growth stocks, while downbeat data on services activity in China raised concerns about demand in the world's second largest economy.
Technical abstract :
The index price confirmed that it was affected by the control of the previously suggested bearish corrective tendency and reached the first target, and we notice that it is currently approaching the second target centered at 34444. Let us expect the price to resume the corrective decline by soon, facing an extension of the support for the main ascending channel, and then let us monitor its behavior given the importance of this support.
To confirm the bullish trend this requires the price to get a positive impulse and stabilized above 34633 and then the price will be continue at the bullish trend to reach 34885 and 35050
The expect range trading for today it will be between support line 34444 and resistance line 34633
Additionally , Additionally , today New York season will affect on the US stock index futures
Support line : 34444 , 34242
resistance line : 34633 , 34885
