Dow Jones:
Dow has reached the suggested technical target of 17690.00, where it becomes very close to moving averages.
Trading just a few pips below this sensitive levels forces us to stand aside today, as we are content with the profits we made yesterday.
Of note, a break above 17690.00 will bring strong buying interests.
Support: 17620.00-17550.00-17500.00
Resistance: 17730.00-17775.00-17825.00
Direction: Sideways
SP500:
According to our yesterday’s bullish scenario, SP500 Futures has soared above moving averages, reaching one of our proposed targets at 2100.00 psychological as seen on the provided daily chart.
This level is psychological as mentioned above and it may force traders to stand aside over intraday basis.
We need a break above 2107.00 and 2113.00 to make sure that the recovery from 2056.00 will continue, while coming below SMA20 and SMA50 will negate.
Support: 2087.00-2083.00-2072.00
Resistance: 2107.00-2113.00-2126.00
Direction: Sideways