Dow and Nasdaq 100 Find Support While Nikkei 225 Tiptoes Lower​​​​​

​​Indices wobbled on Monday, but US futures are pointing towards a stronger open. ​

​After pulling back from last week’s record high the index is finding support at the previous record high of 39,287.​A close below this quickly brings rising trendline support from January into view. This provided support in the first half of March. Below this, the 50-day simple moving average comes into play.

​In the short-term, rising trendline support from January is nearby, as is the 50-day SMA. The index continues to trade without even a 5% pullback. ​The price has slipped below the early March high of 40,574, so a close back above here helps to restore a bullish short-term view.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits.

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