Dow Jones
Dow didn’t show any big move during yesterday’s trading due to touching the downtrend line connected the movements from all-time high as seen on the provided daily chart.
Despite moving above moving averages but we will be neutral today due to the sensitivity of current trading levels.
Only, a break above 18060.00 will bring the bullish impetus back into focus.
Support: 17940.00-17900.00-17835.00
Resistance: 18060.00-18090.00-18135.00
Direction: Sideways
SP500 Futures:
SP500 Futures has moved upwards, approaching the key resistance level of 2120.00, which is very close to our main upside target for the bullish setup we entered since the opening of this week.
Risk versus reward ratio is presently inappropriate due to approaching targets; thereby, we will be neutral over intraday basis.
A break above 2126.00 will bring stronger buying interests and will ease the path towards 2150.00 psychological.
Support: 2100-2095.00-2092.00
Resistance: 2118.00-2126.00-2130.00
Direction: Sideways.