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
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
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
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
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
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 Analysis and Charts Dow steady around 34,000 The index saw its huge rally stall on Monday, perhaps unsurprisingly given the gains made last week and the lack of data during the session. The price finds itself above the 50- and 200-day
Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, Dow Jones, Nikkei 225 Analysis and Charts Nasdaq 100 continues its recovery The index has recovered from the lows seen last week, after nearing the 200-day SMA. For the moment, the pullback from the October highs is still in place and leaves the bearish view
Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, Nikkei 225, S&P 500 Analysis and Charts Nasdaq 100 losses resume Losses accelerated on Wednesday, taking the index to its lowest level since early June. A move towards the lower bound of the channel appears likely, which would see the index head down to 14,250.