Stocks Daily Forecast Oct 27 2017

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U.S Dollar Index: Bullish Eyes The 95.00 Levels!

As long as 94.05 support holds on a daily closing basis, the US dollar index remains on the upside to the 95.00 levels, a halt is likely but a break will aim the 95.57 levels, further upside resistance comes at the 96.21 levels ahead of the 97.11 levels. On the downside, below 94.05 sees a pullback risk to the 93.32/93.02 levels where another rising is very likely…

Conclusion: The USDINDEX continues to face upside threats above 94.05 levels.

Dow Jones Index: Outlook Remains Higher!

As long as 23177 support holds on a daily closing basis, the Dow Jones index remains on the upside to the 23770 levels ahead of the 24150 levels, below 23177 sees a pullback risk above 2800 levels before the next rising…

S&P500 Index: Pulls Back With Caution!

As long as 2579 resistance holds on a daily closing basis, the SP500 index remains in a pullback mode and further corrective move could be seen, but the pullback below 2579 should be contained well by the 2552/2536 levels, below 2536 will extend the pullback to the 2509/2500 levels where another rising is very likely. On the upside resistance comes at the 2565 levels ahead of the 2579 levels, above that level will restore the upside momentum and pave the way to the 2595/2615 levels, further upside resistance comes at the 2650 levels.


Nikkei 225: Sees Further Bullish Momentum!

As long as 21548 support holds on a daily closing basis, the Japanese Nikkei remains on the upside to the 21915 levels ahead of the 22320 levels, below 21548 sees a pullback risk to the 21200/21000 levels before the next rising…

 

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