Thursday’s Technical Outlook for the DJIA (.DIA)
$DIA, $.DJI
The DJIA rose 51 points, or 0.28%, to 18,041.55 after the no tell FOMC policy announcement.
The SP 500 gained 3 pts, or 0.16%, to 2,095.15, the NAS Comp lost 25 points, or 0.51%, to close at 4,863.14 as Apple Inc. (NASDAQ:AAPL) shares dove on its FY-Q-2 earnings miss.
The DJIA rose to a weekly high of 18,084 before fading and finishing at the above mark.
The daily is showing a modest Bullish tone, as the index continues consolidating within last week´s range and above a Bullish 20-Day SMA, the technical indicators are slowly gaining some strength, but still lack momentum.
Near term, the 4 hours shows that the index advanced above a flat 20-Day SMA, as the Momentum indicator heads north within positive territory, and the RSI turned flat at 58. So, favoring the Northside, on an advance beyond Dow 18,084.
Commentary
Support marks:17,982 17,919 17,826
Resistance marks: 18,084 18,165 18,220
Stay tuned…
Paul Ebeling
The post Thursday’s Technical Outlook for the DJIA (.DIA) appeared first on Live Trading News.