US Stocks Markets in Action. DOW rise, Nasdaq 100 Neutral & CAC 40 UP. The indicator momentarily reached its highest point as Dec during Friday’s price shift.
US Stock Indices Indicators
Dow Jones
Momentarily reached its highest mark as December during Friday’s price change. Despite a little decline in Monday’s light trade, the overall upward trajectory via the bottom in May has held.
Starting the start of December, more gains are aimed at 34,661 before continuing to the Dec top of 34,941. The index is supported by an immediate trend line since late May. Hence a drop again under 34,000 will be required to signal a form of stability or possible downturn in the near future. Beyond the December high, the high of about 35,800 in April 2022 comes into play.
THE AMOUNT OF TRADERS WHO ARE NET-SHORT HAS GROWN BY 22.26% SINCE PEVIOUS WEEK.
TRADING TILT SYMBOL NET-LONG% NET-SHORT%. Alteration of longs and shorts. A SHIFT ON Wall Street, OI
BULLISH 47.68% 52.32% -28.15% Daily -19.91% Weekly 33.10% Daily 22.26% Weekly -5.37% Weekly -2.27% Daily
In early trading, the Nasdaq 100 sways.
The Nasdaq’s rise displays no signs of easing down, although pullback is to be expected. When the index achieved its March 2022 peaks again more and moved 1,300 points higher during a single month. A fall below trend line support established in the latter part of May. It might cost the index 500 pips. assuming its extent. It is. The upward trajectory would yet be unaffected by such. To indicate an extra significant decline, a fall again under 14,000 would indicate a decline required.
Nasdaq 100 PIVOT POINTS: 15028,7 S3, 15005,9 S2, 15017,3 S1, 15023 R1, 15034.4 R2, 15040.1 R3, and 1505,5
CAC 40 rises over its Monday bottom.
On Monday, selling pressured European markets, as the CAC 40 retreated below the 50-day SMA. The May bottom’s immediate trend line protection could soon be put to the trial. If it fails & then 100-day SMA fails to hold, the May bottom might once again be in sight.
If the index recovers over key 50-day SMA, the 7400 then 7500 marks remain the next upward objectives. And after that, the line of trend support from April will likely be quickly tested.
