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[QUOTE="MikhailLF, post: 152916, member: 42242"]
[b]LiteForex analitics. YM: general analysis[/b]

Current trend

The Dow Jones index has been growing for the third trading session in a row. The price has updated the historical maximum at the level of 26703.1 after the news on the introduction of 10% of trade taxes on Chinese goods, although before that the US president had spoken about the value of 25%. The second positive factor was macroeconomic statistics. Initial Jobless Claims continue to be low, which indicates a strong economic growth in the country.

Today, Markit PMI statistic will be published. Next week, the Fed will hold a meeting. Many market participants expect that the interest rate will be increased by 25 basis points. Thus, USD will most likely begin to strengthen, and a correction in the stock market is possible.

Support and resistance

Stochastic is around 98 points and reflects a possibility of a correction.
Resistance levels: 26953.1, 27343.8.
Support levels: 26646.8, 26562.5.

Trading tips

Short positions can be opened after the breakdown of the level of 26646.8 with the target at 26562.5 and stop loss 26724.0.

[IMG]http://s1.radikale.ru/uploads/2018/9/21/4620ae8b1c7380d45ee9943e30b192b8-full.png[/IMG]
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