US indices analysis: Dow Jones, Nasdaq 100 and S&P 500 in focus - labor market data influence price development.
According to a report from stock3.com, the US indices are in good shape, but are under some pressure again following the labor market data. The Dow Jones is defending the neckline of a small double bottom without showing a clear upward trend. A fall below 36,010 points could trigger a short-term sell signal, while a break above 36,292 points would indicate an immediate rally continuation. The reaction to the labor market figures at 2:30 p.m. could provide important clues. The Nasdaq 100, on the other hand, was very strong and negated the sell signal from Wednesday. A breakout above 15,984-15,990 points could lead to a direct continuation of the rally, while a further decline...

US indices analysis: Dow Jones, Nasdaq 100 and S&P 500 in focus - labor market data influence price development.
According to a report by stock3.com, the US indices appear to be in good shape, but are under some pressure again according to the labor market data. The Dow Jones is defending the neckline of a small double bottom without showing a clear upward trend. A fall below 36,010 points could trigger a short-term sell signal, while a break above 36,292 points would indicate an immediate rally continuation. The reaction to the labor market figures at 2:30 p.m. could provide important clues.
The Nasdaq 100, on the other hand, was very strong and negated the sell signal from Wednesday. A breakout above 15,984-15,990 points could lead to a direct continuation of the rally, while a further drop below 15,932 points could trigger losses of up to 15,522 points.
The S&P 500 broke above resistance at 4,527 points, but the index has been trading sideways since then. A breakout above 4,607 points could lead to a further rally towards 4,637 points, while a fall below 4,527 points could trigger a consolidation up to 4,403-4,393 points.
These market developments could have potential implications for the financial industry. A decline in indices could lead to general uncertainty and cause investors to avoid riskier investments. On the other hand, a breakthrough of new resistance could increase confidence in the market and lead to a positive development.
Overall, the development of the US indices and their reaction to the labor market data at 2:30 p.m. remains crucial for the further development of the market and the financial sector.
Read the source article at stock3.com