Acuity Signal Centre: Indices 14 Apr 2022

DOW30

Bias: Bearish

We look to Sell at 34886 with target prices of 34250 and 33540, and a stop price of 35158

Confidence: 40%

Technical Analysis

• Previous resistance located at 3500
• Expect trading to remain mixed and volatile
• There is scope for mild buying at the open but gains should be limited
• Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 34500, resulting in improved risk/reward

NASDAQ

Bias: Bullish

We look to Buy We look to Buy at 13742 with target prices of 14325 and 14510, and a stop price of 13528.

Confidence: 40%

Technical Analysis

• We look to buy dips
• Previous support located at 13800
• Trading has been mixed and volatile
• Although the anticipated move higher is corrective, it does offer ample risk/reward today
• Buying continued from the 61.8% pullback level of 13832

US500

Bias: Bullish

We look to Buy at 4398 with target prices of 4463 and 4541, and a stop price of 4375

Confidence: 40%

Technical Analysis

• Preferred trade is to buy on dips
• A lack of clear direction has formed a channel on the intraday chart that has a mild bias to break higher
• The bias is still for higher levels and we look for any dips to be limited
• Further upside is expected although we prefer to set longs at our bespoke support levels at 4400, resulting in improved risk/reward

---