Acuity Signal Centre: Indices 31 Mar 2022

31 Mar 2022
7.29pm SGT

DOW30

Bias: Bullish

We look to Buy at 34914 with target prices of 35400 and 35560, and a stop price of 34729

Confidence: 60%

Technical Analysis

  • We look to buy dips
  • Prices expected to stall near trend line support
  • There is scope for mild selling at the open but losses should be limited
  • Previous resistance at 34900 now becomes support
  • The bias is still for higher levels and we look for any dips to be limited

NASDAQ

Bias: Bearish

We look to Sell a break of 15074 with target prices of 14696 and 14401, and a stop price of 15202

Confidence: 60%

Technical Analysis

  • A break of yesterdays low would confirm bearish momentum
  • We look for losses to be extended today
  • A break of the short-term upward trending support at 15089 should encourage selling
  • Current prices have reacted from a low of 15020, however, we expect further losses to follow

US500

Bias: Bullish

We look to Buy at 4527 with target prices of 4635 and 4687, and a stop price of 4498

Confidence: 60%

Technical Analysis

  • We look to buy dips
  • Previous resistance, now becomes support at 4520
  • There is scope for mild selling at the open but losses should be limited
  • 50 4hour EMA is at 4530

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