Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 3rd of July.
As we go into the long July 4th holiday weekend, we thought it would be interesting just to look at some of the trends that are persisting in the markets right now.
So let's get started.
LOOKING AT TRENDS IN THE:
DOW MAJOR TREND - Positive INTERMEDIATE _ Negative RESISTANCE - 15,080 SUPPORT - 14,600
S&P500 MAJOR TREND - Positive INTERMEDIATE _ Negative RESISTANCE - 1630 SUPPORT - 1560
NASDAQ MAJOR TREND - Positive INTERMEDIATE _ Negative RESISTANCE - 3450 SUPPORT - 3300
GOLD MAJOR TREND - Negative INTERMEDIATE _ Negative SHORT-TERM - Positive RESISTANCE - 1280 SUPPORT - 1180
CRUDE MAJOR TREND - Positive INTERMEDIATE _ Positive SHORT-TERM - Positive RESISTANCE - 105.00 SUPPORT - 98.00
EUROUSD MAJOR TREND - Positive INTERMEDIATE _ Negative SHORT-TERM - Negative RESISTANCE - 1.3100 SUPPORT - 1.2900
Have a great trading day and 4th of July. I will have a report for you on Monday - See you then.
