On Monday American stock indexes finished the trading session with a decline, although the market had opened with a plus. Such course of events has been influenced by the expectation of the results of the meetings of European Central Bank and US FRS, which are scheduled for Thursday. Investors also fear that the trading sessions during the previous two days do not reflect the real economic situation in the country. Everybody is waiting for certain measures from the USA and Europe that would be directed at stabilizing the economic situation.
US unemployment data is to be published by the end of the week. It is not going to be optimistic, as the unemployment rate will drop to below 8 percent.
Therefore, during Monday trading session Dow Jones index has dropped to 13073.01 points, having lost 0.02 percent. Broad market index S&P 500 has dropped by 0.05 percent, or by1385.30 points, NASDAQ has lost 0.41 percent – 2945.84 points.
Mid-term future of Dow Jones index is traded within up wave C of higher timeframe. According to the experts of , it is going to face the following resistance points – 14418.62 and 14607.40. The trend may change only when pivot MF and sloping channel MF are overcome.
