US stock indices are trading in the green zone today. The US labor markets report came out better than expected, thereby reassuring the markets. Another bullish factor was Mario Draghi’s speech.
The current situation looks as follows:
· Dow Jones: + 0,28% up to 13532,74.
· NASDAQ: +0,15% up to 3139,79.
· S&P 500: +0,31% up to 1455,51.
The chart below, courtesy of , reflects the current state of affairs in the market of Dow Jones:
The price is currently forming an upswing represented by wave [c] of (b). the closest levels of resistance are 13600-13658. After completing the move, the price is expected to reverse for a downtrend.
