Acuity Signal Centre: Indices 2 Mar 2022

02 Mar 2022
9.19pm SGT

DOW30

Bias: Bearish

We look to Sell at 34000 with target prices of 33188 and 32885, and a stop price of 34221

Confidence: 60%

Technical Analysis

  • Preferred trade is to sell into rallies
  • Previous resistance located at 34000
  • The primary trend remains bearish
  • The bias is still for lower levels and we look for any gains to be limited

NASDAQ

Bias: Bullish

We look to Buy at 13687 with target prices of 14096 and 14300, and a stop price of 13538

Confidence: 60%

Technical Analysis

  • We look to buy dips
  • Previous support located at 13700
  • Expect trading to remain mixed and volatile
  • Dip buying offers good risk/reward

US500

Bias: Bearish

We look to Sell at 4485 with target prices of 4185 and 4120, and a stop price of 4605

Confidence: 60%

Technical Analysis

  • Buying pressure from 4279 resulted in prices rejecting the dip
  • The current move higher is expected to continue
  • The bias is still for lower levels and we look for any gains to be limited
  • Preferred trade is to sell into rallies