Stocks Daily Forecast Oct 16 2017

stock-_65460

U.S Dollar Index: Bearish Eyes The 92.30 Levels!

As long as 93.15 resistance holds on a daily closing basis, the USD Index remains on the downside to the 92.30 levels, a halt is likely and turn higher from here, but a cut would open 91.85, further down support stands at the 91.18 levels.

On the upside, above 93.15 sees a recovery risk to the 94.05 levels, above that will restore the upside momentum and open the 95.0/95.57 levels.

Conclusion: The USD index continues to face downside threats below the 93.15 levels.

Dow 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.  

S&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…

Nikkei 225: Bullish Eyes Further Upside!

As long as 21000 support holds on a daily closing basis, the Nikkei 225 index remains on the upside to the 21200 levels, a halt is likely but a break would open 21350, further upside, resistance stands at the 21500 levels.

On the downside, support comes at the 21000 levels, below that level sees a pullback risk to the 20500/20700 levels before another rise…

The Nikkei 225 index continues to face upside threats above the 21000  levels.

MARKET DATA

UPCOMING ECONOMIC EVENTS