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HomeMarket AnalysisMarket Technical outlook

Market Technical outlook

Dow 30

US MARKET AT CLOSE

DOW JONES+272.000.80%
NASDAQ Composite Index+84.350.69%
S&P 500+34.130.83%
RUSSEL 2000+17.76 1.01%

Making on new high or reversal coming?

  • Last week strong close after good earnings of large companies.
  • Multiple resistances are coming between 35300 and 34600
  • Short and long term trend is UP
  • Medium term trend on chart is still sideways
  • This week is crucial eying FED meeting and new earnings Dow Chart

Gold hovering around high

  • Last week stayed in rage, no big move seen in any side
  • Gold trend up on all Short and long term charts
  • it may still consolidate more in the range before big move
  • watch 50 EMA line for immediate support

Gold Chart

 

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