Stocks Daily Forecast Nov 29 2017

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USD Index: Bearish Despite Recovery Attempts!

As long as 93.24 resistance holds on a daily closing basis, the U.S dollar index remains neutral with risk to the downside, support comes at the 92.46 levels, a halt is likely but a cut will aim the 91.97 levels, further down, support comes at the 91.19 levels ahead of the 90.09 levels.

On the upside, above 93.24 sees a recovery risk to the 94.00 levels where another fall is likely, above 94.00 will extend the recovery to the 94.50 levels before the next falling…

Conclusion: The U.S Dollar Index continues to face downside threats below the 93.24 levels.

Dow Jones Index: Bullish Eyes Further Upside1

As long as 23615 support holds on a daily closing basis, the Dow Jones Index remains on the upside to the 24000 levels ahead of the24222/ 24400 levels, below 23615 sees a pullback risk to the 23406/23240 levels before another rising…Minor support comes at the 23845 levels.

S&P 500 Index: Bullish But Hesitates Ahead of Resistance!

As long as 2601 support holds on a daily closing basis, the SP500 index remains on the upside to the 2628 levels ahead of the 2645/2657 levels, below 2601 sees a pullback risk to the 2580/2556 levels before another rising…

Nikkei 225: Consolidates With Upside Bias!

As long as 22374 support holds on a daily closing basis, the Nikkei 225 index remains on the upside to the 22875 levels, a halt is likely but a break will aim the 23155/23470 levels, below 22374 sees a fall risk to the 21835/21300 levels.

MARKET DATA

UPCOMING ECONOMIC EVENTS