The DOW: the Fed can move markets up

By | July 28, 2015

US stock indexes are trying to find the bottom, after the sales of the previous days as the market participant and expected outcomes of the meeting of the US Federal Reserve, which will be announced tomorrow evening. Today published data on consumer confidence index as calculated by Conference Board. The value of the index was slightly worse than expected (90.9 points vs. 100), but his low reading may become a reason for the Fed to hold off on increasing rates, as consumer spending is now an important factor in GDP growth. Accordingly, the report may become a catalyst for growth.

The Dow Jones futures are ready to test the strength of the important resistance level of 17,500 in the case of overcoming it may be of interest to search for long positions.

dow chart
Dow chart
Trading analytics
The Dow Jones (YM)   –   buy the dow   –   Entry price: 17500. Goal: 17730 or 17870. Stop loss: 17315.
Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and does not guarantee a result. 
Share on FacebookShare on Google+Tweet about this on Twitter

Leave a Reply

Your email address will not be published. Required fields are marked *