The Russell has bounce off its lows a tiny bit but could we now see a more decisive recovery heading deeper into the U.S. session?
The markets have been holding firm with tech sector leading the spx500 to a new high today, even though the index then came off earlier highs amid profit taking with government shutdown making things complicated.
Still, the trend is clearly bullish and we could well see the small cap index hold support here around 2435 which was prior resistance.
On the upside 2468 is the main level to watch. Break this and a new ATH above 2491 could be on the cards.
By Fawad Razaqzada, market analyst with FOREX.com
The markets have been holding firm with tech sector leading the spx500 to a new high today, even though the index then came off earlier highs amid profit taking with government shutdown making things complicated.
Still, the trend is clearly bullish and we could well see the small cap index hold support here around 2435 which was prior resistance.
On the upside 2468 is the main level to watch. Break this and a new ATH above 2491 could be on the cards.
By Fawad Razaqzada, market analyst with FOREX.com
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.