indrajit_16
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Thursday Night Update Of Dow Jones (DJIA)
The U.S. stock indexes closed solidly lower today. Dow closed at 8292 down by 130 points. The indexes were pressured by a bearish weekly jobless claims report and by news that the U.K's credit rating has been lowered. Bulls has not yet become too confident in these still-very-troubled economic times.
Dow Pivot Levels For Friday 22nd May:
Dow Quick Technicals: 5 DMA support broken, so 5 DMA will now act as resistance intraday, and the 5 DMA resistance now exists at 8378. Immediate trendline support comes at 8252 and trendline resistance comes at 8596. Daily RSI-2 is at 15.62 in sell mode and in strong bearish zone. Overall, don't look for keen buying interest on Friday, ahead of a long holiday weekend in the U.S.
Regards
Indrajit
StockManiacs - Analysis On Indian And US Stock Markets And Free Real Time Nifty Chart
The U.S. stock indexes closed solidly lower today. Dow closed at 8292 down by 130 points. The indexes were pressured by a bearish weekly jobless claims report and by news that the U.K's credit rating has been lowered. Bulls has not yet become too confident in these still-very-troubled economic times.
Dow Pivot Levels For Friday 22nd May:
- R3 - 8593.70
- R2 - 8504.90
- R1 - 8398.50
- Pivot - 8309.70
- S1 - 8203.30
- S2 - 8114.50
- S3 - 8008.10
Dow Quick Technicals: 5 DMA support broken, so 5 DMA will now act as resistance intraday, and the 5 DMA resistance now exists at 8378. Immediate trendline support comes at 8252 and trendline resistance comes at 8596. Daily RSI-2 is at 15.62 in sell mode and in strong bearish zone. Overall, don't look for keen buying interest on Friday, ahead of a long holiday weekend in the U.S.
Regards
Indrajit
StockManiacs - Analysis On Indian And US Stock Markets And Free Real Time Nifty Chart