US markets premarket report 20th october 2016

dow jones premarket report 20th october 2016 Dow jones industrial average on 19th October closed at 18202 with gain. Dow is in a downtrend but recovering towards major resistance of 18270. On downside 17980 is major support and index has taken support at that level. On upside 18270 is major resistance and trader watch it closely for as breakout level. Daily closing above it means bullish trend for index and swing target of 18550. Daily chart technical price pattern as well indicators are bullish and expect higher levels for this major us index in short to medium terms. On downside 18150 and 18060 are short term support zones while last low of 17980 is the bottom. S&P 500 premarket report 20th october 2016 S&P 500 index on last trading session closed at 2144 with gain. S&P is lagging as compared to Dow and NASDAQ. But here same picture and S&P might continue recovery phase towards 2160 targets. Daily closing above 2160 means fresh breakout and uptrend for S&P. above 2160, S&P will have its first swing target at 2195. On downside 2135 and 2125 are major support zones as well as fresh long entry zones.   NASDAQ premarket report 20th october 2016 NASDAQ on last trading session closed at 5246 with gain. This is main leading index outperforming other two and it is near a breakout. Daily closing above 5250 will confirm breakout and I that scenario traders can keep upside swing target at 5395. NASDAQ on downside has support at 5220 and 5190. NASDAQ weekly chart is very bearish with rounding top and suggesting correction up to 4850 in medium to long terms.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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