Dow Jones, Nasdaq 100, Nikkei 225 Analysis and Charts​​​Dow back above 100-day moving average​The index continues to recover from last week’s low and managed to move above Friday’s high in Monday’s trading. ​Additional gains target last week’s high around 38,600, and then on to the 50-day simple moving average (SMA), currently 38,780. Beyond this lies 39,000, and then to the March highs at 40,000.​Sellers will need a close below Friday’s low at 37,750 to suggest a retest of the April low.DowJones Daily ChartSee how daily and weekly sentiment changes can steer price action:
of clients are net long.
of clients are net short.
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​ ​Nasdaq 100 hits a two-week high​This index continues to rally despite the ups and downs of Big Tech’s moment in the earnings season spotlight. ​The price action continues to lean bullish, with a fresh high on Monday maintaining the bounce from the low of mid-April. Additional gains above 17,800 open the way to the 50-day SMA and then on to the highs of March and April around 18,350.​Sellers will need a close back below 17,300 to suggest another retest of the 17,000 lows of mid-month.Nasdaq 100 Daily ChartDownload our complimentary Q2 Equity Technical and Fundamental Reports to help you make better trading decisions:
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​​Nikkei 225 struggles on yen volatility​A resurgent yen has hit the Nikkei 225, knocking it back from its highs of the session on Monday. ​While the bounce from the lows of April around 37,000 is still intact, buyers will need a revival above 38,300 to put them back in charge.​A close back below the 100-day SMA (currently 38,031), might raise the prospect of a renewed pushback to 37,000.Nikkei 225 Daily Chart
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