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时间:2024-09-29 08:17:47 来源:网络整理 编辑:Leisure
December E-mini Dow Jones Industrial Average futures are surging late in the session on Wednesday as where are barnett crossbows manufactured
December E-mini Dow Jones Industrial Average futures are surging late in the session on Wednesday as investors sweat out an extremely tight presidential race that could end up being decided by the courts. Meanwhile,where are barnett crossbows manufactured a possible gridlock in Congress is helping to reduce the chance of major policy changes.
The price action in other major financial markets suggests traders are leaning toward a Democratic or Joe Biden win with the U.S. Dollar trading lower after giving back its earlier gains. Nonetheless, both President Trump and Biden still have possible paths to reach the 270 Electoral College votes needed to win as states keep counting mail-in ballots.
At 18:52 GMT,
December E-mini Dow Jones Industrial Average futures
are at 28125, up 749 or +2.74%.
The CBOE Volatility Index or VIX, a gauge for short-term volatility, slipped to a two-week low after spiking to a four-month high in the run-up to the election.
Daily December E-mini Dow Jones Industrial Average
Daily Swing Chart Technical Analysis
The main trend is down according to the daily swing chart, but momentum is getting close to shifting to the upside. A trade through 28846 will change the main trend to up, while a move through 25953 will reaffirm the downtrend.
The minor trend is also down. A trade through 28392 will change the minor trend to up. This will shift momentum to the upside.
The main range is 24377 to 29050. Its retracement zone at 26714 to 26162 is support. This area was tested successfully late last week.
The minor range is 28846 to 25953. Its retracement zone at 27400 to 27741 was the primary upside target. Buyers took out this zone earlier today, making the area new support.
Short-Term Outlook
A sustained move over 27741 will indicate the buying is getting stronger. If this creates enough upside momentum then look for the market to challenge a pair of minor tops at 28392 and 28732, followed by a pair of main tops at 28846 to 29050.
A lingering trade between 27400 and 27741 will indicate investor indecision.
A sustained move under 27400 will signal the presence of sellers. This could create the downside momentum needed to challenge 26714 – 26162.
For a look at all of today’s economic events, check out our
economic calendar
.
This
article
was originally posted on FX Empire
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