Stocks Daily Forecast Aug 24 2016

Dow Jones: Sees Consolidation With Upside Tone ! S&P 500: Sets To Consolidate With Upside Bias ! Nikkei 225, Maintains Recovery Tone But With Caution !

Dow Jones: Sees Consolidation With Upside Tone !

Dow Jones: As long as 18465 support holds on a daily closing basis, the Dow Jones index remains on the upside towards the 18660 levels ahead of the 1877 levels.

On the downside, below 18465 sees a pullback risk to 18240 levels, further down, support comes at the 18000 levels…

Conclusion : The Dow Jones index continues to face upside threats above the 18465 levels…

Stocks Daily Forecast Aug 24 2016-US30S&P 500: Sets To Consolidate With Upside Bias !

S&P 500: As long as 2171 support holds on a daily closing basis, the S&P 500 index remains on the upside , resistance comes at the 2200 levels, a clear break would open 2235 next, further upside, resistance comes at the 2300 levels.

On the downside, below 2171 sees a pullback risk to the 2147 levels before the next rise, below 2147 will extend the corrective pullback towards the 2127 levels and possibly to the 2073 levels.

Conclusion: The S&P 500 index continues to face upside threats above the 2171 levels.

Stocks Daily Forecast Aug 24 2016-SPX500Nikkei 225, Maintains Recovery Tone But With Caution !

Nikkei 225: As long as 16465 support – broken resistance turned support – holds on a daily closing basis, the Nikkei 225 index remains on the upside towards the 16927 levels ahead of the 17238 levels, below 16465 will turn focus back again to the downside towards the 16000/15900 levels…

Stocks Daily Forecast Aug 24 2016-JPN225

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