Dow Jones futures attempted to gain a foothold above the 200-hour moving average and a return to growth in conjunction with other major US stock indexes. NASDAQ Composite last updated 15-year high, playing back all of the losses incurred since the collapse of the “bubble economy“. Against the background of mixed macroeconomic statistics laid investors that the Fed will not rush to increase interest rates. Today’s data on orders for durable goods once again confirmed the ambiguity rate of recovery of the US economy.
So the main index gained 4.0% compared with the previous month and significantly exceeded analysts’ expectations, but its nucleus (less highly volatile components) dropped by 0.2% and was lower than the median forecast. Stock markets, recently worked again in the “bad news – good news“, but because the Dow can generate another round of growth. Seek opportunities for shopping in the preparation of technical signals the resumption of the uptrend.
|Dow Jones chart|
Support and resistance levels
Support 1 17915
Support 2 17775
Current price: 18001
Resistance 1 18064
Resistance 2 18265
Dow Jones futures (YM) – buy Dow Jones (YM) – Buy, if the quotes will close above the resistance level of 18064. Purpose – 18265. Stop-Loss = 17910
Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes only and do not guarantee the results obtained.