Current Market Outlook - Dow Jones Index 27th Oct 2017

sfym (25)in #trading • 7 years ago

The Dow remained active and bullish yesterday but failed to break the channel resistance. Tech stocks like Amazon posted very healthy earnings after market close yesterday which will likely send NASDAQ upwards on opening.

Continue to watch the space on Dow. If it breaks and closes above the channel resistance, we could be in for another leg up. Otherwise, this blog maintains the current position of an upcoming correction to 23,100 should the strong support at 23,200 break.

7 years ago in #trading by sfym (25)

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