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Dow & Nasdaq 100 Maintain Agency whereas Nikkei 225 Drops Again​​​​


Article by IG Chief Market Analyst Chris Beauchamp

Dow Jones, Nasdaq 100, Nikkei 225 Evaluation and Charts

​​​Dow regular round 34,000

​The index noticed its big rally stall on Monday, maybe unsurprisingly given the positive aspects made final week and the dearth of information in the course of the session. ​The value finds itself above the 50- and 200-day easy transferring averages (SMA), and sits proper on the highs from early October. Trendline resistance from the July peak is the subsequent space to observe, together with the 100-day SMA.

​​A reversal under the 200-day SMA may point out some short-term consolidation.

Dow Jones Every day Chart

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Nasdaq 100 sits under trendline resistance

​The value has returned to the higher sure of the present descending channel, after its finest week since January.​Within the short-term, the worth will goal the October highs at 15,330, after which on in direction of 15,540, the highs of late August and early September.

​An in depth again under 14,920 would deliver a bearish view into play as soon as once more.

Nasdaq 100 Every day Chart

Nikkei 225 pulls again in direction of 100-day MA

​Like different indices, the Nikkei loved a formidable rally final week, transferring increased off the 30,500 zone. ​Additional upside now targets trendline resistance from the June excessive, which can come into play close to 33,000. Past this, the September highs at 33,500 are the subsequent goal.

​Sellers will want a transfer again under 32,000 to counsel a extra severe pullback has developed, which might then goal the 200-day SMA and the October lows round 30,500.

Nikkei 225 Every day Chart

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