30 de agosto de 2017 / 13:37 / en 3 meses

BUZZ- DJI tight range nears end

** DJ Industrials appears close to resolving its choppy contracting range of the past 3 weeks

** This as S&P 500 Futures in overnight trade, attempted, but failed, breakout to upside

** Indeed, indices have been buffeted by North Korean tensions

** Yet most major Asian equity indices now actually positive WTD: Nikkei 225 up 0.3 pct, Hang Seng up 0.9 pct, Shanghai Comp up 1 pct. Korea SE Kospi off, but just by 0.3 pct

** U.S. indices snapped back from Tues lows, can challenge short-term resistance lines from recent highs

** DJI resistance at Aug 22 high (21912.83) and short-term resistance line (21925). Chart: reut.rs/2goSqAX

** Close above here can signal breakout, suggest room for new high above 22179.11

** Wave equality Fibo proj from Apr trough, for example, can call for 22291.69. Additional Fibo projs 22718.94 then 23044.17

** 50-DMA (now 21685.78) proving to be resilient support

** Close below here, with S&P 500 finish under its 100-DMA (now 2422.89) can instead suggest deeper sell off still to play out

** DJI late-Jun low (21197.08) then rising 200-DMA (now 20701.85) can be next magnets

** Meanwhile, Boeing , Apple , and McDonald’s biggest positive influences on DJI YTD, responsible for over half of the index’s 2102 pt gain

** IBM and Goldman Sachs, biggest drags

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