MARKETS FORECAST TECHNICAL ANALYSIS
yesterday The rally in the markets reversed toward closing
Dowjones surged initially on strong ADP employment and reached high . But the index then reversed to close down, The hawkish FOMC minutes are seen as a factor weighing on sentiments. But more importantly, House speaker Paul Ryan’s comments on tax reform further reduced market confidence on US President Donald Trump’s ability to implement what he promised is the same story as Obama care ….?
The NFP report tomorrow may signal American employers created 174,000 jobs last month, while unemployment stood at 4.7 percent
Today President Xi Jinping of China will meet with President Trump, If the meeting ends with the same awkward press conference as the one held with German Chancellor Merkel, the markets won’t be happy and risk appetite could suffer
Time will tell, mean while let’s focus on the charts:
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| Dowjones |
Support and resistance levels:
The resistance, as I said, is in area 20830+_
Support – there are a number of areas: 20430 20100 and 19800 and the most important is the level of 19600 points
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MARKETS FORECAST |
If we compare the moves to 98-99 again, then it is quite possible that we have a reduction here for the purpose of immigration, the burden of proof is on the price,
The move in the markets may be bouncy
The current move of the amendment, in my opinion, will send the DOW JONES index to the region of 19800 points+_
This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice