Dow Updates

06 Oct Dow Bullish Sentiment Remain Strong

InvestorsDoctor
Publish date: Fri, 06 Oct 2017, 06:24 PM
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06/10/2017
 
US Mini Dow Jones Dec 17
 
Yesterday close : 22740 +133
 
 
Last night several US economic data annouced that boost up the market.
  1. Weekly jobless claims fell by 12,000 to 260,000.
  2. Trade deficit shranked by 2.7% to $42.4 billion in August.
  3. Factory orders rose 1.2% in August, more than the expected 1% increase.

Bullish data push US Dow Jones gains for a consecutive 7 days.

 
Both daily & hourly chart show US Dow Jones index futures formed higher high & low, sentiment very bullish, but RSI in overbought region. Watch out for potential retracement. Fibonacci show that this bull rally capable to 23000 and may retrace from that level as suugested by seasonal Fibonacci projection from 1929 & 1984.
 

Price Level to monitor today:

Support 22718
Resistance 22744,
Current  trend : Sideway now wait for breakout.
 

Factor to watch today:

08:30 PM  Unemployment Rate

08:30 PM Non Farm Payroll

09:15 PM FOMC Bostic Speaks

 

Margin Requirement:
 
USD 3685
 
 

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