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