The Dow Jones Industrial Average closed the trading day with a gain of 188.57 points (0.58%) reaching 3,2485.59 points, which was a record close. Investors' optimism was fueled by the news that on Thursday U.S. President Joe Biden approved a new $1.9 trillion package of measures to support the economy during a pandemic. The signing ceremony took place at the White House.
Nasdaq 100, H4
Pivot: 13050.00
Analysis:
Provided that the index is traded above 12860.00, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 13050.00
- Take Profit 1: 13145.00
- Take Profit 2: 13300.00
Alternative scenario:
In case of breakout of the level 12860.00, follow the recommendations below:
- Time frame: H4
- Recommendation: short position
- Entry point: 12860.00
- Take Profit 1: 12700.00
- Take Profit 2: 12520.00
Comment:
RSI indicates an uptrend during the day.
Key levels:
Resistance Support
13440.00 12860.00
13300.00 12700.00
13145.00 12520.00
Nasdaq 100, D1
Pivot: 13088.00
Analysis:
Provided that the index is traded above 12200.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 13088.00
- Take Profit 1: 13440.00
- Take Profit 2: 13880.00
Alternative scenario:
In case of breakdown of the level 12200.00, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 12200.00
- Take Profit 1: 11580.00
- Take Profit 2: 10960.00
Comment:
RSI is bullish and indicates further increase.
Key levels:
Resistance Support
14650.00 12200.00
13880.00 11580.00
13440.00 10960.00
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