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Dow Jones Technical Analysis

On the daily chart below, we can see that after the deeper pullback since the US Retail Sales miss and the fears around the First Republic Bank, the market yesterday bounced from the key 33538 support level as the US GDP showed a better picture than expected under the hood and the US Jobless Claims beat forecasts after several weeks of misses. This strong bounce coupled with good data should give the buyers the conviction to push the price towards the 34477 resistance barring any ugly economic d... Read More

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Posted: Apr 28 2023, 08:12

Author Name: forexlive

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