Dow Jones: A Weekly Close Above 34200 Is A Buy Signal

Apr 30, 2022

[ad_1]

JUNE meets sturdy resistance at 13350/400. Clearly shorts want stops above 13550 at present! Robust resistance at 13750/800. Shorts want stops above 13900.

Once more we’ve got some help at 12900/850, though not sturdy. Longs when you really feel courageous, want stops under 12750. A break decrease is a crucial long run promote sign & we might initially drop 500 ticks, maybe 750 ticks.

JUNE a excessive for the day precisely at sturdy resistance at 33900/34000. Shorts want stops above 34200. A weekly shut above here’s a purchase sign for subsequent week focusing on 34700/750. Anticipate sturdy resistance at 34800/900.

Shorts at at sturdy resistance at 33900/3400 targets 33700/600, maybe so far as 33250/150. If we proceed decrease search for 32750/700 then sturdy help at 32400/300. Longs want stops under 32100.

[ad_2]