Thursday’s Technical Outlook for DJIA (.DJI)

Thursday’s Technical Outlook for DJIA (.DJI)

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.


DJIA at 17918.62, +0.44% indicates expected sideways consolidation Resistances 18000-300 and Support 17650 unch. US NFPs Friday  may trigger move North or South. PE

Support marks: 17,719 17,655 17,467
Resistance marks: 18,016 18,051 18,118

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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