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Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 – Analysis and Charts Dow rally sees slower going The rally has slowed in recent days, though sellers have been unable to establish control even in the short-term timeframes.Further gains continue to target the summer 2023 highs above 35,600, while beyond
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Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nikkei 225, CAC 40 – Analysis and Charts Dow above August and September highs The index has surged through the 35,000 level, reaching its highest level since the end of August.The next target is the high from July around 35,680, and would mark the complete
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Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 Analysis and Charts Download our Complimentary Top Trades Recommended by IG Get Your Free Top Trading Opportunities Forecast Dow returns to 35,000 The index is back at the 35,000 area, the highs from early September.The past three weeks have seen the
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Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, CAC 40, Nikkei 225 Analysis and Charts Dow breaks trendline resistance The price continued to gain on Monday, moving above trendline resistance from the August highs. This now clears the way for a possible test of the September lower high around 35,000, and then beyond
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The Dow Jones ended last week on a positive note as we got a strong rally despite some concerning data. The University of Michigan consumer sentiment report missed forecasts across the board by a big margin once again. The bearish signs keep on accumulating with the recent hawkish tone from Fed speakers and the softening
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Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 Analysis and Charts Dow returns to trendline resistance The index has seen its momentum fade after the huge gains of the past week, though it continues to hold above the 200-day simple moving average (SMA). Wednesday saw the index touch trendline