Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Dow Jones Sees Strong Pullback From 17460.00, SPX Futures Soar

Published 07/07/2015, 05:15 AM
Updated 07/09/2023, 06:31 AM

Dow Jones

Strong pullback from 17460.00 has been witnessed yesterday, while the short position suggested below 17410.00 for our subscribers wasn’t activated.

Dow Jones Daily Chart

Dow is presently testing very sensitive zones-previous broken support- which are very close to SMA20. Therefore, we will watch out the price behaviors in the next few hours and will present our updates, as we want to make sure that the index will affirm retracing from support before chasing yesterday’s recovery.

Support: 17660.00-17500.00-17460.00

Resistance: 17750.00-17820.00-17905.00

Direction: Neutral

S&P 500 Futures:

Yesterday’s suggested sell stop order below 2032.00 wasn’t activated, as the index has soared from areas above this support zone.

SP500 Futures Daily Chart

SP500 is presently moving below moving averages, while facing the cluster resistance of 2070.00 and thereby, we would like to make sure that, the recovery will continue above it before jump in.

Of note, a break back below 2056.00 will be a negative sign.

Support: 2066.00-2056.00-2040.00

Resistance: 2072.00-2081.00-2095.00

Direction: Neutral

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.