Technical Analysis Dow Jones index
On Friday, the U.S. stock market dominated by mixed sentiment among market participants.
So were published data on personal spending, which in July rose by 0.2% against 0.6% in July.
At the same time, personal income remained unchanged. And finally, the index of the University of Michigan consumer sentiment in August was 65.7 points versus 66.0 in July.
At the end of the trading session U.S. stock indexes closed down different direction /Dow Jones -0.38%, S P500 -0.19%, NASDAQ 0.05% /.
From a technical point of view, on Friday the Dow Jones again went to the fractal to buy at around 9619.55 points, which bulls have managed to pierce rvanuv in the direction of the next wave in the target area of 9637 points.
However, the Bears have managed to gather strength again, and dragged the Dow Jones index at the upper limit of the divergent formations in the vicinity of 9600 points, which is a major resistance level.
In addition, the Bears bad closed the trading week, so this week they need to confirm her bear absorption. Do not exclude that we see the formation of formation of bird on the wire.
So, on the hourly chart of the MACD indicator formed bear divergence, and the indicator Stochastic's in buying.
On the daily chart optimists can still count on the continuation of the jump, after the Dow Jones corrected the growth of 8 July only to 9120 items, representing 23.6% of Fibonacci. All goals rebound 9637-9796-9945-9955-10159 points.
on the daily chart on the indicator MACD bearish divergence. Indicator Stochastic's are on sale.
C wave of the global perspective, we continue to believe that the Dow Jones index is at the stage of formation of a global wave B, which corrects all fall to 23.6% -38.2% -50% of Fibonacci to 9440-10400 counts.
So temporary factors rebound American indexes should be about 6-7 months after 1.5-year-old decline. It is now coming to an end the 6 th month.
So, the Dow Jones on June 11 formed the first stage of the rebound in subvolny well. In the future, was the formation of wave b, which consisted of zigzag abc, where it was too short and has only reached the levels range between 23.6% -38.2% by Fibonacci.
Now we can see the final run up to 9400-9500-9637-9950 items in a wave with a big wave V.
Once complete the formation of a global wave of B, then begin building a global wave of up to 2012 to 2550-3500 points.
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You can save high demand for shares of inter-regional telecom operators
The main reason for sales in Russia will be the Chinese market factor, the index of the stock market in China is losing more than 5%
Today is expected to negatively opening Russia's playgrounds
Trading volume on the stock market, MICEX Stock Exchange on Friday amounted to 84.24 billion rubles
Week on the trading floors will be fairly quiet, it will start under the sign of correction
External background before the opening of trading in the RF negative, America closed lower, Asia is trading in the red
This week may begin building momentum down the MICEX
Analytical review of the Forex market for the week of 24 to 28 August
