DJI_5U
16450
A rising channel has been broken!
Apple announcement did not make investor more optimistic about the US stock market; the price still within the expected range. This week will be the major week for all markets to see Fed move and its commentary about the performance of their economy.
Still market above the psychological support of 16000s, if market breached it we will see 15500s as the market target (which we highly expect ) , however , below 16750s we see the negative scenario is the most probable scenario on the short term .
We are on neutral mode , and that driven by the uncertainty at the market on this week which is cause by the Fed coming meeting.
Mid – Term View
FED rate hike consider a major factors for US stock markets, with a rate hike probability increases more downward pressure will be generated on the stocks. In general, stocks are being traded between 15500 and 17500 which we consider it a major trend range awaiting a breakout of one of those levels would considered the major signal for mid-term direction. Finally, the short-term direction is uncertain with higher VIX reading (The fear index) , so , we would prefer to wait in the short-term and keeping your eye in the mid to long term direction.
FED rate hike consider a major factors for US stock markets, with a rate hike probability increases more downward pressure will be generated on the stocks. In general, stocks are being traded between 15500 and 17500 which we consider it a major trend range awaiting a breakout of one of those levels would considered the major signal for mid-term direction. Finally, the short-term direction is uncertain with higher VIX reading (The fear index) , so , we would prefer to wait in the short-term and keeping your eye in the mid to long term direction.
Long-Term:
Long term we would see a downward correction for the major stock bull started which started since 2009 , targeting a prices of 13000s/11000s , which then we will consider a levels for investor to pick stocks one more time.
Long term we would see a downward correction for the major stock bull started which started since 2009 , targeting a prices of 13000s/11000s , which then we will consider a levels for investor to pick stocks one more time.
Daily Trend: Down
Weekly Trend: Up
Weekly Trend: Up
| Support | Resistence | |
| Level 1 | 16250 | 16800 |
| Level 2 | 15850 | 17250 |
| Level 3 | 15300 | 17500 |
