Equities Climb Ahead of Earnings and Jackson Hole Symposium
Equities Rise as Traders Await This Week's Earnings, Jackson Hole Symposium
Current Outlook:
The trend suggests a potential upward movement as long as the price stays above 40,800. However, consolidation is expected between 41,030 and 40,800 until a breakout occurs.
Bullish Scenario:
Trading above 40800 will likely support a rise towards 41030 and above it will get 41340.
Bearish Scenario:
If the price reverses and stabilizes below the pivot line at 40800, a bearish trend may develop, targeting 40480 and 40320.
Key Levels:
- Pivot Line: 40800
- Resistance Levels: 41030, 41340, 41600
- Support Levels: 40650, 40480, 40320
Today's Expected Trading Range:
The price is anticipated to fluctuate between support at 40800 and resistance at 41130.
Tendency: Upward Movement
Current Outlook:
The trend suggests a potential upward movement as long as the price stays above 40,800. However, consolidation is expected between 41,030 and 40,800 until a breakout occurs.
Bullish Scenario:
Trading above 40800 will likely support a rise towards 41030 and above it will get 41340.
Bearish Scenario:
If the price reverses and stabilizes below the pivot line at 40800, a bearish trend may develop, targeting 40480 and 40320.
Key Levels:
- Pivot Line: 40800
- Resistance Levels: 41030, 41340, 41600
- Support Levels: 40650, 40480, 40320
Today's Expected Trading Range:
The price is anticipated to fluctuate between support at 40800 and resistance at 41130.
Tendency: Upward Movement
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