Acuity Signal Centre: Indices 24 Mar 2022

24 Mar 2022
8.24pm SGT

DOW30

Bias: Bearish

We look to Sell a break of 34309 with target prices of 33910 and 33660, and a stop price of 34471

Confidence: 60%

Technical Analysis

  • Posted a Bearish Outside candle on the Daily chart
  • We look for losses to be extended today
  • A break of yesterdays low would confirm bearish momentum
  • Further downside is expected, however, due to the strong support below we prefer to sell a break of 34325, which will confirm the bearish sentiment

NASDAQ

Bias: Bullish

We look to Buy a break of 14702 with target prices of 14890 and 14990, and a stop price of 14629

Confidence: 40%

Technical Analysis

  • A break of yesterdays high would confirm bullish momentum
  • Daily signals are mildly bullish
  • We look for gains to be extended today
  • We can see no technical reason for a change of trend

US500

Bias: Bullish

We look to Buy at 4410 with target prices of 4520 and 4580, and a stop price of 4371

Confidence: 40%

Technical Analysis

  • Preferred trade is to buy on dips
  • Previous resistance at 4400 now becomes support
  • 50 4hour EMA is at 4407
  • The bias is still for higher levels and we look for any dips to be limited

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