E-Mini Dow Jones 30 (DJI) Forecast

Jobless claims rise less than expected

Walmart may launch a premium delivery service that competes directly with Amazon.

Yesterday’s recovery in US markets and today’s positive Asia session once again speaks to the bi-polar state of financial markets. The Nasdaq once again edged higher to a fresh record high, as the disconnect between it and other global equity markets continued.

United could layoff half its workforce

Disney quarterly profits and revenues may not return to pre-pandemic levels until 2021 or beyond.

The direction of the September E-mini Dow Jones Industrial Average futures contract is likely to be determined by trader reaction to 25938.

The direction of the September E-mini Dow Jones Industrial Average on Monday is likely to be determined by trader reaction to the 50% level at 25938.

The consolidative/corrective phase in the capital markets appears to be drawing to a close.

The June Non-Farm Payrolls report may have been interpreted as bullish to some, but it’s old news since it represents what happened in June.

Payrolls rise by a record 4.8 million jobs

Market optimism over the possibility of a vaccine in early 2021 overshadowed the continued surge in US cases, where the 50k-a-day threshold of new cases has been breached.

The direction of the September E-mini Dow Jones Industrial Average on Thursday is likely to be determined by trader reaction to 25938.

ISM manufacturing beats expectations

FedEx beat quarterly estimates despite pandemic headwinds, triggering a strong ‘buy-the-news’ reaction.

Chicago PMI rises less than expected

Boeing surged more than 14% after lifting off in the first recertification flight for the troubled 737-MAX jetliner.

On the upside, the first potential resistance is a downtrending Gann angle at 25674. Sellers could come in on the first test of this angle.

The Russell rallied 3%

The early tone is bearish after Friday’s close under the main Fibonacci level at 25107. This level also rejected buyers during the pre-market session.

Sentiment declines more than expected