Dow Jones US30 Chart Technical Outlook might suffer altitude sickness at record highs
US indexes rallied on Thursday, with investors celebrating the Federal Reserve’s commitment to support economic growth and the Dow Jones Index surged to fresh record highs above the 42,000 line.
Immediate resistance is at 42,180 followed by 42,500. Supports are 41,835 and 41,435.
Wall Street futures are negative today, suggesting that we might see some profit-taking at the end of the week. Later on Philadelphia Fed President, Patrick Harker will speak and he might col hopes of a steep easing cycle, highlighting the sharp decline in Jobless claims seen yesterday.
