Stocks Daily Forecast Oct 03 2017

Stocks-65958

U.S Dollar Index: Bullish Despite Pullback Threats!

As long as 92.88 support holds on a daily closing basis, the USD index remains neutral with risk to the upside to the 93.50 levels, a break will aim the 94.07 levels, further upside, resistance comes at the 95.18 levels. On the downside.

On the downside, below 92.88 sees a pullback risk to 91.95/91.18 levels where another rise is likely.

Note: Minor resistance comes at the 93.07 levels, a 4 hour closing above that level will aim the 93.50 levels, below 93.07 will keep pushing down below 92.88 levels…

The USD index continues to face upside threats above the 92.88 levels…

Stocks-Daily-Forecast-Oct-03-2017-USDINDEX.

Dow Jones Index: Eyes Further Upside!

Traders floor at the New York Stock Exchange

As long as 22430/22280 support holds on a daily closing basis, the Dow Jones Index remains on the upside to the 22685 levels ahead of the 22850 levels, further upside, resistance stands at the 23000 levels ahead of the 23150 levels.

On the downside, support comes at the 22430 levels ahead of 22280 levels, below that level sees a pullback risks to the 22078/21845 levels before another rise…

Conclusion: The Dow Jones Index remains on the upside above 22430/22280 levels.

The Dow Jones Index continues to face upside threats above 22280 levels.

Stocks-Daily-Forecast-Oct-03-2017-US30

S&P500 Index Bullish, Extends Gains!

As long as 2519/2500 support holds on a daily closing basis, the SP500 index remains on the upside to the 2534 levels, a halt is likely but a break would open 2560, further upside, resistance stands at the 2580 levels.

The SP500 index continues to face upside risks above 2500 levels.

On the downside, support comes at the 2519/2500 levels, below that level sees a pullback risk to the 2467/2454 levels before another rise…

Stocks-Daily-Forecast-Oct-03-2017-SPX500 

As long as 20300 support holds on a daily closing basis, the Nikkei 225 index remains on the upside to the 20575 levels, a halt is likely but a break would open 20777, further upside, resistance stands at the 21020 levels.

On the downside, support comes at the 20300 levels, below that level sees a pullback risk to the 2053 levels, further down, support comes at the 19850/19695 levels.

The Nikkei 225 index continues to face upside threats above the 20300 levels.

 

Stocks-Daily-Forecast-Oct-03-2017-JPN225.

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