Trendy Dow 30
A sharp reversal candle formed on the weekly chart and settled around 34333.
Now, what next???
Next week is very crucial for Dow 30 because that will be the trend decider week.
Dow 30 has crucial resistance at 35000. In the next week, Dow may rally or trade side ways with positive bias.
Buying on dip around 34000 is good trading strategy for the week with strict stop loss below 33400 on a closing basis.
Trade safely with levels only. More we will update during market hours.
Trendy S&P 500, Dax and CAC
Bullish Engulfing pattern on the weekly chart in S&P 500 while bounce back seen in European markets.
Here chances are bright for more upside rally in it. Stocks are trading near or at an all-time high. S&P 500 is having immediate resistance at 4345 while DAX and CAC are at 16000 and 6825 respectively.
Don’t jump to sell the stock as there is no reversal sign in it. Anything seems then surely we will update during market hours.
Trendy Nasdaq
Rally continues in Nasdaq too and finally settled around 14360.40.
What to expect from here onward???
Nasdaq looks positive above 14200 and could test 14600—14850 levels in days to come.
Our positive view negates on a close below 13900 levels.
Note: On seeing RSI of all global markets, indices still have huge potential towards north direction.
For more updates, stay connected with us!!