Dow:
Dow has soared after building a technical base above 23.6% Fibonacci and is currently touching SMA20. ADX has turned into positivity, while RSI needs to hit the value of 50.00 to prove the bullish momentum.
However, we will depend on the candlesticks formation and the support found just below 15955.00 to suggest a quick break above 16410.00.
On the downside, 16180.00 could act as an intraday defensive level.
Support: 16230.00-16120.00-15955.00.
Resistance:16410.00-16500.00-16630.00
Direction: Up
SP500:
SP500 Futures has soared after hitting 1900.00 psychological and that has fixed the signs on ADX. Still, RSI14 needs to take out the value of 50.00 to take the index above SMA20.
Nevertheless, we will be bullish aiming to test areas just below 1978.000 regions to see whether the index will clear it or not.
Support: 1900.00-1865.00-1845.00
Resistance: 1942.00-1956.00-1978.00
Direction: Up