Dow and Nasdaq 100 Rally, Nikkei 225 Experiences a Minor Retreat

Dow Positive aspects Momentum

Supply: DaiyFX

After a slight retraction from its newest peak, the Dow is now leveraging its earlier peak of 39,287 as a base of assist. A dip beneath this stage may rapidly shift focus to a rising assist trendline that originated in January, which was a important assist all through early March.

Beneath this trendline, the 50-day easy transferring common (SMA) turns into related.

Nasdaq 100 Goals for Document Peaks Once more?

Supply: DailyFx

The Nasdaq 100 has seen shopping for curiosity on the Monday low of 18,180, with minor features in early buying and selling signaling a possible retest of the file excessive of 18,468 set final week.

Quick-term assist is strengthened by a rising trendline from January, together with the 50-day SMA, sustaining its pattern with no 5% correction.

Nikkei 225 Barely Retreats

Supply: DailyFx

Following a rally from the mid-March lows, the Nikkei 225 has begun a gradual decline. Help is anticipated from a trendline beginning in early January, round 39,640, beneath which the horizontal assist from the 1990 file excessive at 38,951 lies.

With the index dropping beneath the early March peak of 40,574, reclaiming a place above this stage would counsel a return to a bullish outlook within the quick time period.

The put up Dow and Nasdaq 100 Rally, Nikkei 225 Experiences a Minor Retreat appeared first on Dumb Little Man.

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