Yesterday the U.S. stock market dominated by mixed sentiment among market participants.
So yesterday was issued an index of business activity FRB of Chicago, who in July was -0.74 against -1.82 in June.
Today, market participants should pay attention to the index of consumer confidence, as well as the price index for home.
At the end of the trading session U.S. stock indexes closed down different direction /Dow Jones 0.03%, S P500 -0.05%, NASDAQ -0.14% /.
From a technical standpoint, yesterday the Dow Jones index at the beginning of the session continued the upward movement in the direction of the next target in the vicinity of 9600 points, but the bulls were content with only a fractal for purchase at around 9587.58 points.
In addition, the Dow Jones once again tested the upper limit of the divergent formation, which is excellent to cope with the role of the level of resistance.
At the same time, the Dow Jones yesterday withdrew a local overbought and now again can arrange sunset up to 9600-9637 points.
In addition, the hourly chart of the MACD indicator will be formed bear divergence, and the indicator Stochastic's comes in the purchase.
On the daily chart optimists again triumphed over the Bears and correct growth of 8 July only to 9120 items, representing 23.6% of Fibonacci, and then organized a new round of growth by 9600, more 9637-9796-9945-9955 — 10159 points.
At the afternoon schedule on indicator MACD bear divergence. Indicator Stochastic's is buying in overbought zone.
From a technical standpoint, yesterday opened the MICEX index closed above the previous levels, after which the bears headed in the morning to close the gap, with which they have coped well, but to continue the downward movement has failed.
In the second half of the trading session, bulls seized the initiative and organized the next stage of jumping to a maximum of 5 August. The volume of the trading session totaled about 67 billion rubles.
yesterday at the opening of the MICEX index crossed the upper limit of diverging formations carried out on maximum prices in the region of 1,107 points, after which the bulls tried to get to the next level of resistance in the vicinity of 1120 points, which is the first time did not submit to the optimists.
However, towards evening, thanks to yet another shortokrylu, bulls broke fractal time to buy 1120.77 points, rvanuv have to daily fractal 1130.51 for the purchase of items, some of which began profit-taking.
If the Bears will be able to hold him back today, it allows them to rely on the local double top, given the current overbought market.
At the same time, we should not exclude that we will see another final shortokryl, during which the MICEX index may be calculated to achieve the following objectives in the area 1135-1140-1166-1182 item. If in the course of jumping bulls will go above 1182 points, the next goal will be a double top.
Today, the level of resistance to the daily fractal purchase at around 1130.51 points, paving the way for bulls to the above levels. Level of support will be the former border divergent formations in the area in 1104 and 1070 points.
also worth noting that the indicator MACD bull situation. In addition, the indicator Stochastic's is buying, but in the overbought zone.
With the short-wave point of view of the MICEX index to complete the formation of a large corrective rebound by 20% -40% from the fall of 1040-1085 - 1140 points, which is 50% -61.8% -76.4% of all Fibonacci fromthe fall. To do this, Bears to keep the daily fractal purchase.
In this case, 5 August the formation of waves with, which consisted of 5 waves, and begins a new stage of downward movement to 500-510 points. The final mid-term break after 970 points, long after the 882 points.
At the same time, given that the MICEX index has not gone below 970 points, the wave can be formed with a view of the double zigzag and is in another call of up to 1140-1166-1182 items. In a wave was formed with 3 waves, will be the 4 th wave, goals 1108-1095 points.
As optimists, they will see the formation of the 5th to subvolny 1230-1330-1402 items, but for this MICEX index should not take 970 points, as well as to overcome the 1,180 points. In this wave, they see the formation of the 3rd wave of small to 1210-1250 points.
closest daily fractal for sale is located at around 852.03 points, a full-time fractal for purchase is located at around 1130.51 and 1147.28 points. Local fractal purchase is a mark of 1130.51 points, but on sale at elevations 976.78 and 1013.79 points.
Yesterday we were advised to await the test day fractal purchase for a decision. Today's recommendation does not change, do not forget about the feet, and conditional puncture abroad /volumes /. It also enables the rollback to 1095-1108 items.
Fig. 1. MICEX - the time slice 60 minutes
Fig. 2. Index Dow Jones - a temporary cut of the day
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