Dow Jones US30 Chart Technical Outlook limited upside expected
It is going to be a busy week for US indices. On Wednesday we have the ISM manufacturing PMI followed by the Fed interest rate decision, policy statement, and FOMC press conference. On Friday we have the employment data.
Technical: The four-hour chart highlights a bearish Gartley formation completing at 38,979. We have a supply zone between 38,926 and 38,958.
Bespoke support is located at 36,206. We have a demand zone between 38,807 and 37,244.
Resistance: 38,926 (supply), 38,958 (supply), 38,979 (Gartley)
Support: 38,807 (demand), 37,244 (swing low), 36,206 (bespoke)
