Stocks Daily Forecast Oct 11 2017

Stocks-265488-1

U.S Dollar Index: Faces Pullback Threats!

As long as 93.79 resistance holds on a daily closing basis, the USD Index remains in a pullback mode and further down could be seen, but downside below 93.79 should be contained well by 92.94 levels,if this fails to happen, the index will extend the corrective pullback to the 92.45 levels, further down, support stands at the  91.95 levels ahead of the 91.18 levels.

On the upside, above 93.79, will restore the upside momentum and turn the focus on the 94.95 levels, further upside, resistance stands at the 95.57/96.06 levels

Conclusion: The USD index continues to face corrective threats below the 93.79 levels.

blankDow Jones Index: Outlook Remains Higher!

As long as 22645/22575 support holds on a daily closing basis, the Dow Jones Index remains on the upside to the 22935 levels ahead of the 23130 levels, further upside, resistance stands at the 23350 levels ahead of the 23500 levels.

On the downside, support comes at the 22645 levels ahead of the  22575 levels (main), below that level sees a pullback risks to the 22400 levels followed by the 22215 levels before another rise…

The Dow Jones Index continues to face upside threats above 22575 levels.  

blankS&P500 Index Bullish But Hesitates ahead Of Key Resistance!

As long as 2533 support holds on a daily closing basis, the SP500 index remains on the upside to the 2570 levels, a halt is likely but a break would open 2592, further upside, resistance stands at the 2617 levels.

The SP500 index continues to face upside risks above 2533 levels.

On the downside, support comes at the 2533 levels, below that level sees a pullback risk to the 2500/2467 levels before another rise…

blankNikkei 225: Bullish Eyes Further Upside!

As long as 20500/20700 support holds on a daily closing basis, the Nikkei 225 index remains on the upside to the 20830 levels, a halt is likely but a break would open 21000, further upside, resistance stands at the 21185 levels.

On the downside, support comes at the 20500 levels, below that level sees a pullback risk to the 20350/20200 levels before another rise…

The Nikkei 225 index continues to face upside threats above the 20500/20700  levels.

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