Monday, September 10, 2018

DOWJONES - 11 September 2018


Fundamental Highlights

As the U.S. President intends to add more pressure on Chinese goods, China plans to do the same to face these duties. It appears that the market is confused at the moment, with traders not knowing when the tariffs between the U.S. and China will really be implemented and what their effect will be on the market. Equity traders remain alert on any news coming from the U.S. and its trade wars, as it seems that Trump intends to target additional countries in his scheme.

Technical Analysis

During yesterday's session the Dow started strongly but finished its day at lower levels. During today's session, the index may trend in a bullish manner reaching the 26021 area. Subsequently, it may reverse and move bearishly in the direction of the 25883 figure.

Support: 25883 25841
Resistance: 26021 26088

Chart (H1)