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CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

DOW: Finishing close to where it started in a range-bound Monday session

More earnings expected this week as focus shifts to tech earnings.

DOW Source: Bloomberg

The latest from Wall Street:

A dollar in retreat certainly aids US companies that have been dented by a stronger greenback eating into profits, but the US dollar needs to weaken further and for a bigger time frame in order to aid future Q4 earnings. In the meantime, we've got Q3 results to contend with, and tech stocks towards the end of the week will be the items to be on the look out for. Overall, energy and financial stocks outperformed, while Boeing was the worst performer for the second session running.

Dow Technical analysis, overview, strategies, and levels

Long-term bias remains bullish (even if runs contrary to fundamental economic growth concerns), while short-term technical bias is more neutral and oscillatory, and where any plummet could easily send its price below both its 50-day and 100-day moving averages.

Current Technical Overview Consolidation - Positive Bias
Technical Overview Conformist Strategies Sell 1st Resistance After Reversal, Buy 1st Support At/Before Price
Technical Overview Contrarian Strategies Buy 1st Resistance Upon Breakout From Below, Sell 1st Support Upon Breakout From Above
S/L for 2nd Resistance 27260
2nd Resistance 27165
S/L for 1st Resistance 27069
1st Resistance 26974
Relative Starting Point 26783
1st Support 26592
S/L for 1st Support 26497
2nd Support 26401
S/L for 2nd Support 26306

IG client and CoT sentiment for the Dow

DOW Source: IG charts
DOW Source: IG charts

Dow chart with retail and institutional sentiment

DOW Source: IG charts
DOW Source: IG charts

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