By ForexTime
At the time of writing, it is about 250 pips away from reaching a new all-time high, repeating last Friday’s feat.
With Disney scheduled to report its earnings after US markets close, this could translate to increased volatility for the index. Investors will direct their attention towards the company’s earnings guidance for clarity on its future business outlook. Should earnings beat forecasts, this could provide support for the US30.
Beyond earnings, investors will also have their sights on the CPI revisions scheduled for Friday which has the potential to impact the index.
Technically speaking, the US30 has seen narrowing price ranges on the monthly charts since making the monster move back in November. It has also seen some significant movements over the past few months.
On the daily time frame, US30 is confronted with a negative divergence, with the RSI failing to make a new high in lockstep with the February 2nd all-time-high.
Free Reports:
The index bulls(those looking to see the index go higher), will be looking for a strong close above the ranges resistance at 38681 to reach new all0-time highs above 38792.1.
On the other hand, US30 bears (those looking to profit from a decline in the index may have the following levels in their sights.
ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com
By JustMarkets At Wednesday's close, the Dow Jones (US30) Index increased by 0.88%, while the S&P 500 (US500) Index…
By ForexTime USDInd bears take home 600 points! Soybean: No fireworks but H1 bullish target…
By RoboForex Analytical Department The yen’s exchange rate rose to the US dollar on Thursday in…
By JustMarkets At the end of Tuesday, the Dow Jones Index (US30) rose by 0.32%, while the…
By Derek Lemoine, University of Arizona To understand how important weather and climate risks are…
By ForexTime GameStop ↑ 179% this week ↑ as much as 32.6% pre-market 2nd most traded…
This website uses cookies.