Thursday’s Technical Outlook for DJIA (.DJI)
US stocks finished higher Wednesday as investors shrugged off Brexit concerns and risk aversion eased a it during the New York session.
The DJIA gained 78 pts, or 0.44%, to close at 17,918,62.
The S&P 500 rose 11 pts, or 0.54%, to finish at 2,099,73.
The NAS Comp climbed 36 pts, or 0.8%, to 4,859.16.
In the daily, indicators for the DJIA are flat above their mid-lines and the index holds above the 20 and 100-Day MA crossover, favoring limited gains to the 18,000- 18,051 area.
In the 4 hours, indicators are flat but below their mid-lines, suggesting lack of strength in the near term.
Support marks: 17,719 17,655 17,467
Resistance marks: 18,016 18,051 18,118
Latest posts by Paul Ebeling (see all)
- Key Stock Indexes, Crude, Gold and Silver Markets Briefing - December 9, 2016
- Wall Street’s Top Analysts Upgrades, Downgrades & Initiations - December 9, 2016
- Chicago Agriculture Commodities Finished Mixed - December 9, 2016