US indices return to the upside.
Wall Street indices have resumed their upward movement.
After a lull due to investor concerns over recent developments
regarding Iran, US indices opened with a collective rise on Tuesday.
The opening was as follows:
Dow Jones:
The Dow Jones opened with a 0.66% gain.
The index rose to 43,016.
The index returned to the supply zones from which it had previously declined.
We may now see a breakout of these zones, allowing the index to continue its upward movement.
If the index declines and closes below the zone,
we will have a good selling opportunity. However,
please be careful and trade with light contracts.
Nasdaq:
The Nasdaq opened with a 0.91% gain.
The index rose to 22,185.
The index returned to the supply zones from which it had previously declined.
There are signs of weakness in the zone and a possible breakout.
S&P 500:
The S&P 500 opened up 0.64%.
The index continued its upward climb, reaching 6097.
The index moved like other Wall Street indices.
It rose and returned to the supply zones from which it had previously fallen.
We may see the possibility of a breakout.
However, if it returns and closes below the zones with sell signals,
we may have a good selling opportunity.
To learn about the best buying and selling zones for the indices,
Please watch the weekly analysis video on the OLX Forex website.
You can do so by clicking the following link:
