Acuity Signal Centre: Indices 22 Mar 2022

22 Mar 2022
8.13pm SGT

DOW30

Bias: Bullish

We look to Buy at 34832 with target prices of 35130 and 36100, and a stop price of 34700

Confidence: 40%

Technical Analysis

  • Further upside is expected and we look to set longs in early trade
  • A break of yesterdays high would confirm bullish momentum
  • Short term oscillators are moving higher
  • Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 34800, which will confirm the bullish sentiment

NASDAQ

Bias: Bearish

We look to Sell at 14687 with target prices of 14072 and 13855, and a stop price of 14905

Confidence: 60%

Technical Analysis

  • Preferred trade is to sell into rallies
  • Expect trading to remain mixed and volatile
  • There is scope for mild buying at the open but gains should be limited
  • This provides an excellent risk/reward opportunity to fade the current bullish move

US500

Bias: Bullish

We look to Buy at 4385 with target prices of 4491 and 4530, and a stop price of 4340

Confidence: 40%

Technical Analysis

  • We look to buy dips
  • There is scope for mild selling at the open but losses should be limited
  • 50 4hour EMA is at 4360
  • 4 positive daily performances in succession
  • This move is expected to continue and we look to set longs at good risk/reward levels

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