DowJones is strongly bullish and is now focusing on the area where the absolute maximum recorded in 2018 is found. With the break of resistance it is rising to around 26600 points.
The price should not face obstacles, is now reaching again 26900 points. It will going to try to record new historical highs. In fact, fundamentally, the FED's stalled monetary policy is leading institutional investors to hold long positions on US stocks. Is also driving every other major world indices.
In the very short term.
Wednesday at the FOMC meeting we can wait for the decision on the interest rate, which in all probability will remain unchanged. Monetary policy will not change in the immediate future. We expect that in the next sessions the US indices will reach historical highs. We recommend a long entry with 26900 points target.
The price should not face obstacles, is now reaching again 26900 points. It will going to try to record new historical highs. In fact, fundamentally, the FED's stalled monetary policy is leading institutional investors to hold long positions on US stocks. Is also driving every other major world indices.
In the very short term.
Wednesday at the FOMC meeting we can wait for the decision on the interest rate, which in all probability will remain unchanged. Monetary policy will not change in the immediate future. We expect that in the next sessions the US indices will reach historical highs. We recommend a long entry with 26900 points target.