Wall Street Brief Important Viewpoint

This week’s important economic news will impact the S&P 500, DJIA (Dow Jones), and Nasdaq100. This Monday starts with the Chinese Loan Prime Costs.  Which stay steady at 3.45 percent for one-year and 4.20 percent for five-year terms. These rates, which are critical to economic world measures, will assist to set the tone for global market mood beginning this week.

Wall Street Important signs

Forthcoming economic developments are expected to have an impact on the SPX, DJIA, and Nasdaq 100. When the worldwide financial dialogue continues.

The mood of the  Wall Street market is influenced by key international interest rate choices. Industrial indexes, and consumers’ statistics.

The S&P 500, DJIA, and Nasdaq 100 are eyeing important barriers in the aftermath of global economic events.

This Weeks Important Events

On Tue, the focus switches to Japan, wherein the BoJ is expected to keep its key interest rate at -0.10 percent. Meanwhile, the US Richmond Manufacturers Indicator is expected to climb slightly, perhaps boosting investor confidence. New Zealand’s Consumer Prices Index (CPI) is also being watched, with the rate predicted to fall from 1.8 percent to 0.5 percent. Signaling a possible shift in consumer pricing patterns.

The middle of the week the focus shifts to the European Union, amid an array of Flash PMI numbers. Germany and France, two important Eurozone nations, are expected to reveal a fall in industrial activity.  A pattern that is reflected in overall Eurozone statistics. The findings may cause traders to be cautious about the regional economic strength

The ECB’s Primary Refinance Rate statement on Thursday. Which is widely monitored, as it is expected to stay at 4.50 percent. In the United States, major releases of data include advanced GDP, jobless asserts, and durable goods contracts. A forecast 4.9 percent growth rate for GDP. With a decline in jobless claims should boost market sentiment, implying economic strength.

The US Base PCE and In progress Housing Sale statistics will be released on Friday to close the work week. A modest drop of the PCE Gauge and a stabilization of house sales may provide conclusions about buyer habits. Including inflation tendencies, impacting the structure of the market.

The S&P 500

The S&P 500 closed the week at a significant level of 4,795 points, with a rising trend pushing against nearby hurdles at 4,853. Additional barriers are found at 4,893 and $4,941. From the bearish side, the main index reaches instant refuge at 4,759, with additional support located between $4,711 and $4,680 levels.

The 50 and 200 D-EMAs are at 4,648 and 4,420, each suggesting an upward trend. The technical forecast graph suggests a higher triangle breaching the $4,795 level. showing that the current spending pattern will go on.

Source: TradingView

Considering such signs, the Index is in a positive pattern, especially if it stays over $4,795 mark.

DJIA (Dow Jones)

The DJIA is is showing strong signs, with a recent rally breaking over the 37,791.43 mark. Implying an extension from a third wave topping formation

The DJIA index pivoting value is likewise 37,791.43, which has the index presently trading over it. Showing a rising trend. The next level of opposition is 37,991.43, that, once overcome, might confirm the bull pattern.

The upport levels are located beneath the pivot point, with a significant bottom of 37,126.02 working. As a buffer against adverse fluctuations. The 50 and 200 D-EMAs are 36,595.31 and 34,926.04, each.. Which remain well below current prices, prolonging the increasing trend.

The Nasdaq 100

The Nasdaq 100 ended the last week at 15,310.97 mark, barely above the pivotal value of $5,147.66.  Implying possibility for higher action. It has right away resistance at 15,360.15 level, adding further targets at $15,527.25 then 15,672.15 markers. If a retreat happens, support appears at 14,990.79 level, which follows 14,862.11 & $14,640.56 levels. The 50 & 200 D-EMAs- stand at $14,529.26 as well as 13,608.18, each, confirming the upward trend.

A congruent triangle broke at 14,990.79, followed by the signs of a rising closing candle. Signals a continuous buying action. Based on these metrics, the Nasdaq shows good trends. In particular if it maintains its position above the key 15,147.66 region.