Stocks Daily Forecast Apr 10 2017

Dow Jones Index: Maintains Recovery Tone With Caution!...S&P500 Index: Recovers, Tests Main Resistance!...Nikkei 225 Index: Bearish Despite Recovery Attempts!

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Dow Jones Index: Maintains Recovery Tone With Caution!

As long as 20515 support holds on a daily closing basis, the Dow Jones index remains in a recovery mode and further upside could be seen, but the upside move above 20515 should be limited by 20968 levels where fall resumption is very likely, above that level will bring a higher leg above 21169 levels. Below 20515 will restore the downside momentum and open 20335 levels ahead of 20140 levels…

blankS&P500 Index: Recovers, Tests Main Resistance!

As long as 2340 support holds on a daily closing basis, the S&P500 index remains in a recovery mode and further upside could be seen, but the upside move above 2340 should be limited by 2382 levels where fall resumption is very likely, above that level will bring a higher leg above 2401 levels. Below 2340 will restore the downside momentum and open 2325 levels ahead of 2300 levels…

blankNikkei 225 Index: Bearish Despite Recovery Attempts!

As long as 18840 resistance holds on a daily closing basis, the Nikkei 225 index remains on the downside to the 18406 levels ahead of the 18150/18000 levels. Above 18840 sees a recovery risk to 19200/19477 levels before the next falling…

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