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SP500<\/a> continues its attempts to settle above the resistance at 4285 as traders react to the Initial Jobless Claims<\/a> report, which showed that 261,000 Americans filed for unemployment benefits in a week. Analysts expected Initial Jobless Claims of 235,000, so the report has significantly exceeded analyst estimates. Treasury yields are moving lower as traders bet on a more dovish Fed after the release of the disappointing job market data.<\/p>\n From the technical point of view, SP500 needs to settle above the 4285 level to have a chance to gain sustainable upside momentum. RSI remains in the moderate territory, so there is enough room to gain additional momentum in case the right catalysts emerge.<\/p>\n<\/div>\n<\/div>\n R1:4285 \u2013 R2:4325 \u2013 R3:4360<\/em><\/p>\n S1:4250 \u2013 S2:4215 \u2013 S3:4200<\/em><\/p>\n NASDAQ<\/a> rebounded after yesterday\u2019s sell-off, which was triggered by profit-taking. The pullback in Treasury yields provided some support to the yield-sensitive tech stocks. However, the key catalyst for the rebound is the strong bullish sentiment towards AI-related stocks.<\/p>\n In case NASDAQ settles back above the resistance at 14,450, it will head towards the next resistance level at 14,600. A successful test of this level will push NASDAQ towards the 14,800 level.<\/p>\n R1:14,450 \u2013 R2:14,600 \u2013 R3:14,800<\/em><\/p>\n R1:14,300 \u2013 R2:14,100 \u2013 R3:14,000<\/em><\/p>\n Dow Jones<\/a> tests resistance at 33,800 amid a broad market rebound. Boeing<\/a>, which is up by 3.5%, is the biggest gainer in the Dow Jones index today.<\/p>\n If Dow Jones settles above 33,800, it will head towards the resistance at 34,000. A move above this level will open the way to the test of the next resistance, which is located at 34,130.<\/p>\n R1:33,800 \u2013 R2:34,000 \u2013 R3:34,130<\/em><\/p>\n S1:33,650 \u2013 S2:33,500 \u2013 S3:33,300<\/em><\/p>\n For a look at all of today\u2019s economic events, check out our economic calendar<\/a>.<\/p>\n<\/div>\n<\/div>\nNASDAQ<\/h2>\n
Dow Jones<\/h2>\n