Dow Jones Break below the long-term trend line that started from January this year.
But the recent omicron concerns and ahead of year-end profit may hamper the U.S. 30.
Though fundamental environment, high corporate incomes, and constructive profit outlook will be the driving force for most U.S. stocks in this market. However, omicron variant uncertainty can also drive price action over short-term periods.
Technically, U.S. 30 breaks below the trendline support. And the last four days, US30 held below the trendline resistance and ranging nearly the trend line. If omicron cases rise more, the market may drop more.
As long as U.S 30 below 35650, we should consider it a downtrend. And last week's U.S labor market reports couldn't meet their forecast, though the reports were not too bad.
Technically, from the present rate, we can short, our first target to the downside will be 33800, and after breaking below 33800, our final mark to the downside is 32119.
And stop-out should be above the trendline resistance. If the market breaks above the resistance trend line again, ut must continue its uptrend bias again.
But the recent omicron concerns and ahead of year-end profit may hamper the U.S. 30.
Though fundamental environment, high corporate incomes, and constructive profit outlook will be the driving force for most U.S. stocks in this market. However, omicron variant uncertainty can also drive price action over short-term periods.
Technically, U.S. 30 breaks below the trendline support. And the last four days, US30 held below the trendline resistance and ranging nearly the trend line. If omicron cases rise more, the market may drop more.
As long as U.S 30 below 35650, we should consider it a downtrend. And last week's U.S labor market reports couldn't meet their forecast, though the reports were not too bad.
Technically, from the present rate, we can short, our first target to the downside will be 33800, and after breaking below 33800, our final mark to the downside is 32119.
And stop-out should be above the trendline resistance. If the market breaks above the resistance trend line again, ut must continue its uptrend bias again.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.