US30 News

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Last Updated Date: 29 July 2021 @ 6:21 AM (UTC)
*Please note that all the dates are in GMT time zone

U.S. stocks were mixed after the close on Wednesday, as gains in the Oil & Gas, Technology and Healthcare sectors led shares higher while losses in the Telecoms, Utilities and Financials, sectors led shares lower.

The Dow Jones market is forming a Down curve (MACD). Yesterday’s drop off signals a short term turn back to the prevailing bear trend of previous months and should continue to foster an attack under the 34361 swing low. A close under 34361 projects a larger bear wave to 33637. The reluctance to stay under 34361 and yesterday’s bounce hints for rebounding action today. Trade needs a close over 35072  to renew a bottoming formation.

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