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Dow Jones Technical Analysis

On the daily chart below for the Dow Jones, we can see that the price bounces from a key support level as the US GDP showed a better than expected consumer under the hood and Jobless Claims beat expectations. The price has rallied towards the next key resistance at 34477 but yesterday’s better than expected ISM Manufacturing PMI may be a bad omen for the buyers. The inflation and employment sub-indexes returned back into expansion and if we couple that with good data since last week, it makes th... Read More

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Posted: May 2 2023, 09:25

Author Name: forexlive

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