CME CBOT: YM - DJIA Dow Jones Index Futures Forecast - Stock trading today
Stock indexes are rising as expected. It seems like laughing at the experts who expect the stock market to collapse.
I expected the Dow Jones index futures to rebound to 26439. Now, it has come up close to 26439 and will go up a little more. We need to be careful from now on. The meaningful support line is 24767.
The stock market will collapse someday. But not yet. The collapse of the stock index will mean the collapse of the US. In other words, they will use all means to boost the stock index, not the stock market.
[Dow 30 index futures weekly chart, CME CBOT: YM]
I expected the Dow Jones index futures to rebound to 26439. Now, it has come up close to 26439 and will go up a little more. We need to be careful from now on. The meaningful support line is 24767.
The stock market will collapse someday. But not yet. The collapse of the stock index will mean the collapse of the US. In other words, they will use all means to boost the stock index, not the stock market.
[Dow 30 index futures weekly chart, CME CBOT: YM]