Despite yesterday’s vacation, but Dow futures has formed a negative candlestick pattern that started to change the signs on ADX and RSI14.
The resistance of 17900.00 is now a hard resistance that may assist bears to take new positons today.
In result, we may witness downside corrective actions today ahead of the weekly closing. A break below 17730.00 will accelerate the wave.
Support: 17700.00-17620.00-17550.00
Resistance: 17900.00-18030.00-18125.00
Direction: Bearish correction
S&P 500 Futures failed at 2092.00 regions, while 2109.00 is the main technical hurdle that may be the ceiling for intraday bearish correction.
ADX is turning into negativity and RSI14 is moving to the downside despite stabilizing above 50.00 areas.
A break below 2082.00 will accelerate the awaited bearishness today.
Support: 2075.00-2062.00-2056.00
Resistance: 2092.00-2107.00-2113.00
Direction: Bearish correction