EN 
CN 
DOW30
Bias: Bearish
We look to Sell at 33670 with target prices of 32325 and 32095, and a stop price of 34090
Confidence: 40%
Technical Analysis
- Buying pressure from 32233 resulted in prices rejecting the dip
- The current move higher is expected to continue
- With the Ichimoku cloud resistance above we expect gains to be limited
- We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower
NASDAQ
Bias: Bullish
We look to Buy at 13780 with target prices of 14500 and 14945, and a stop price of 13540
Confidence: 40%
Technical Analysis
- Daily signals for sentiment are at overbought extremes
- Daily signals for sentiment are at overbought extremes
- Posted a Bullish Hammer Bottom on the Daily chart
- This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher
- Although the anticipated move higher is corrective, it does offer ample risk/reward today
- Further upside is expected although we prefer to buy into dips close to the 13780 level
US500
Bias: Bearish
We look to Sell at 4300 with target prices of 4120 and 3930, and a stop price of 4360
Confidence: 60%
Technical Analysis
- Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible
- With the Ichimoku cloud resistance above we expect gains to be limited
- This is negative for sentiment and the downtrend has potential to return
- Preferred trade is to sell into rallies
