Dow Jones, Nasdaq 100, Grasp Seng Evaluation and Charts
Dow 40Okay in sight once more?
Wednesday’s session noticed the index stage a revival, and the march again to 40,000 is on as soon as extra.The value discovered assist on the earlier document excessive set in February at 39,287, with short-term resistance there turning into assist. The totemic 40,000 degree is in sight once more.
Brief-term assist from the January low stays in place, as does the 50-day easy transferring common (SMA).
DowJones Each day Value Chart
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Nasdaq 100 edges down
This index continues to float decrease, although it has solely registered modest losses over the previous week. A sequence of intraday decrease lows put short-term strain on the index, although it has but to check the rising trendline from early January or the 50-day SMA.
The earlier excessive at 18,468 nonetheless looms because the final hurdle earlier than a brand new document excessive.
Nasdaq 100 Each day Value Chart
Grasp Seng pullback stabilises
The pullback from the highs earlier in March has run out of momentum within the quick time period. The previous week has seen patrons defend the 16,320 space, and if the worth manages a detailed above 16,800 then we might even see a contemporary transfer larger again in direction of the 200-day SMA after which the 17,200 excessive from early March.
This could put the worth again above trendline assist from January’s low and level the best way to extra upside. Sellers will want a detailed beneath 16,300 to counsel a bearish view prevails once more.
Grasp Seng Each day Value Chart
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