Implications and Outlook
Right after an initial 160 point downfall, the DJI was able to rebound strongly to close the session slightly in the negative area. Ending a volatile trading session, it turned out to be an impressive retrieval from the preliminary squeeze opening. Volumes have been once again light but we then will have lots to trade for the remaining week.
It's not a notable begin to the last month of Q3, therefore, we will be observing closely as we consolidate within all these ranges. Included in this is the continuous demand for American Greenbacks and you can now almost pardon stock indices while they tread water.
DJI Index at this point retreated from its fresh highs and is parked between Key Resistance 26130 and Mean Support 25650. Trade Selector Signal trend model remains on a short-term bullish, since the weak uptrend is intact, while Index Rally 26260 looming above.
Right after an initial 160 point downfall, the DJI was able to rebound strongly to close the session slightly in the negative area. Ending a volatile trading session, it turned out to be an impressive retrieval from the preliminary squeeze opening. Volumes have been once again light but we then will have lots to trade for the remaining week.
It's not a notable begin to the last month of Q3, therefore, we will be observing closely as we consolidate within all these ranges. Included in this is the continuous demand for American Greenbacks and you can now almost pardon stock indices while they tread water.
DJI Index at this point retreated from its fresh highs and is parked between Key Resistance 26130 and Mean Support 25650. Trade Selector Signal trend model remains on a short-term bullish, since the weak uptrend is intact, while Index Rally 26260 looming above.