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Dow Jones Technical Analysis

On the daily chart below for the Dow Jones, we can see that the price recently broke below the key 33528 support, but the sellers couldn’t sustain the bearish momentum as the NFP report gave the market soft landing vibes due to a resilient and strong labour market, the expected moderation in inflation and the likely pause in rate hikes from the Fed in June. In fact, we saw a strong rally on Friday after the report and the price now is consolidating a bit before another likely rally in the next f... Read More

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Posted: May 8 2023, 08:38

Author Name: forexlive

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