US Tech100 and Dow Jones
June,28 2023 #NASDAQ100 #USTECH100 #DOW30 #GOINVESTER
The Dow Jones traded with a modest bullish bias, while the US Tech100 continued to trade sideways. In this article, we will analyze the possible entry and exit points based on the data provided and examine the charts and indicators.
US Tech100 and Dow Jones
Support and Resistance Levels
Key support levels for US Tech100 are at 14700 and 14600, which have previously shown significant support.
Lower highs and lower lows have been observed, indicating a bearish trend.
The third wave may push the price further down, but it should not be treated as entirely bearish.
A potential buy entry point is above 14000, while a safer entry point would be at 15000.
Major resistance levels to watch are at 14950 (double top) and 14970.
Indicators
Stochastic is flat, MACD is bearish with divergence, and RSI is trading with a bearish bias.
Dow Jones Analysis
Support and Resistance Levels
Double top levels can be seen on the early charts, with 33900 as a key resistance level.
Major support levels are at 33850 and 33800, with 33600 being a strong support level.
A break below 33600 may result in a significant drop.
Potential sell entry points are below 33900, while a potential buy entry point is at 34000.
Indicators
Stochastic has dropped, MACD is bearish with divergence, and RSI is trading near the top.
Conclusion
Based on the analysis of the US Tech100 and Dow Jones charts, it is important to consider the support and resistance levels for making trading decisions. The US Tech100 remains in a bearish channel, while the Dow Jones has been trading within a bullish channel after a retracement. Traders should carefully observe the indicators and candle patterns for potential entry and exit points.
Additional Notes
The technical analysis in this article is based on the charts as of June 28, 2023.
The market is constantly changing, so it is important to stay up-to-date on the latest news and trends before making any trades.
Please use a stop loss to limit your losses in case the market moves against you.
Trading is a risky activity, so only trade with money that you can afford to lose.
Additional Information
In addition to the technical analysis, there are a few other factors that investors should consider when making their trading decisions. These include:
The overall economic outlook.
The performance of other asset classes.
The news and events that could impact the markets.
By considering all of these factors, investors can make more informed decisions about when to buy and sell the US Tech100 and Dow Jones.
I hope you enjoyed this article. Please let me know if you have any other questions.
Disclaimer: The analysis provided here is should not be considered as financial advice. Trading in financial markets carries inherent risks, and individuals should exercise caution and conduct thorough research before making any investment decisions. It is advisable to consult with a professional financial advisor for personalized guidance.
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