Acuity Signal Centre: Indices 23 Mar 2022

23 Mar 2022
8.16pm SGT

DOW30

Bias: Bullish

We look to Buy at 34179 with target prices of 34677 and 34998, and a stop price of 33990

Confidence: 40%

Technical Analysis

  • Preferred trade is to buy on dips
  • 50 4hour EMA is at 34163
  • The bias is still for higher levels and we look for any dips to be limited
  • Previous resistance at 34000 now becomes support

NASDAQ

Bias: Bullish

We look to Buy at 14266 with target prices of 14641 and 14850, and a stop price of 14139

Confidence: 40%

Technical Analysis

  • We look for a temporary move lower
  • There is scope for mild selling at the open but losses should be limited
  • Bespoke support is located at 14200
  • We look to buy dips

US500

Bias: Bearish

We look to Sell at 4573 with target prices of 4488 and 4440, and a stop price of 4599

Confidence: 40%

Technical Analysis

  • Previous resistance located at 4580
  • Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible
  • Selling spikes offers good risk/reward
  • This provides an excellent risk/reward opportunity to fade the current bullish move

Trading ideas at a glance.
Download the Acuity Signal Center plugin.

The Acuity Signal Centre combines experienced, human-led analysis with powerful AI technology to conduct deep analyses of the markets whilst drawing on professional trading expertise to deliver transparent trade ideas that support novice and advanced traders alike.

  • Clear Calls to Action

Each trade idea consists of clear target levels, confidence ratings, and continuous updates

  • Transparent Strategies

Every trade idea is generated by a team of expert analysts and is accompanied by the strategies behind them

  • Performance Monitoring

The performance of every signal is monitored and translated into the confidence rating of each new signal