Dow Jones Weekly Forecast – DJIA Back on Long Term Uptrend on US-China Optimism

U.S. equity markets are gapping higher with Dow Jones retesting resistance after renewed optimism from U.S.-China trade negotiations.

Markets will open with bullish gap tomorrow after positive comments on US-China trade negotiations

Quick overview

  • U.S. equity markets are experiencing a rally, with the Dow Jones testing critical resistance levels after positive U.S.-China trade negotiations.
  • The Dow Jones Industrial Average ended the week slightly down, indicating market indecision as it approaches the 50-week Simple Moving Average.
  • Recent trade talks between U.S. and Chinese officials have been described as productive, boosting investor sentiment and leading to a rise in Dow futures.
  • The market outlook remains uncertain, hinging on the details of the trade agreement and its potential impact on the Dow's ability to break through resistance.

U.S. equity markets are gapping higher with Dow Jones retesting resistance after renewed optimism from U.S.-China trade negotiations.

ABOUT THE AUTHOR See More
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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