Acuity Signal Centre: Indices 17 Mar 2022

17 Mar 2022
9.05pm SGT

DOW30

Bias: Bullish

We look to Buy at 33478 with target prices of 34066 and 34310, and a stop price of 33331

Confidence: 40%

Technical Analysis

  • Preferred trade is to buy on dips
  • Previous resistance at 33500 now becomes support
  • 50 4hour EMA is at 33478
  • There is scope for mild selling at the open but losses should be limited

NASDAQ

Bias: Bullish

We look to Buy at 13645 with target prices of 14319 and 14521, and a stop price of 13431

Confidence: 60%

Technical Analysis

  • Preferred trade is to sell into rallies
  • Previous resistance located at 13800
  • We look to buy dips
  • Closed above the 20-day MA
  • We look for a temporary move lower
  • 50 4hour EMA is at 13597

US500

Bias: Bullish

We look to Buy at 4150 with target prices of 4345 and 4400, and a stop price of 4085

Confidence: 40%

Technical Analysis

  • We are trading at overbought extremes
  • The 200 day moving average should provide resistance at 4368
  • A lower correction is expected
  • Choppy price action seen
  • Further upside is expected although we prefer to buy into dips close to the 4150 level

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