Acuity Signal Centre: Indices 29 Mar 2022

29 Mar 2022
7.12pm SGT

DOW30

Bias: Bullish

We look to Buy at 34433 with target prices of 35100 and 35400, and a stop price of 34206

Confidence: 40%

Technical Analysis

  • Dips continue to attract buyers
  • 50 4hour EMA is at 34542
  • There is scope for mild selling at the open but losses should be limited
  • Previous support located at 34350

NASDAQ

Bias: Bearish

We look to Sell at 15277 with target prices of 14906 and 14654, and a stop price of 15418

Confidence: 40%

Technical Analysis

  • Preferred trade is to sell into rallies
  • Previous resistance located at 15300
  • Although the anticipated move lower is corrective, it does offer ample risk/reward today
  • There is ample scope for a move lower from this important resistance

US500

Bias: Bullish

We look to Buy at 4518 with target prices of 4628 and 4661, and a stop price of 4479

Confidence: 60%

Technical Analysis

  • Preferred trade is to buy on dips
  • Previous support located at 4520
  • We look for a temporary move lower
  • Dips continue to attract buyers

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