Thursday’s Technical Outlook for DJIA (.DJI)

Thursday’s Technical Outlook for DJIA (.DJI)

Thursday’s Technical Outlook for DJIA (.DJI)

$DIA, $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.

Commentary

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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