Daily Technical Report 9-9-2024

Technical Analysis

By Shady Fouad On Sep 9, 2024

DOW JONES

The Dow Jones Index is trading below the resistance zone at $40,725, and it is likely to continue the corrective upward movement targeting the mentioned resistance zone. This scenario is invalidated by a break below the minor support zone at $40,250 in today’s trading.

Support	40000	39630	39250
Resistance	40725	41225	41650

NASDAQ

The Nasdaq Index declined in previous trading sessions, reaching the support zone around $18,350, which is likely to limit the pace of the decline in today’s trading.

Support	18350	17750	17350
Resistance	18680	18835	19100

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Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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Daily Technical Report 10-9-2024

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