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Russia launched a wave of missile attacks on Ukrainian cities hours before Ukrainian President Volodymyr Zelenskyy was due to hold peace talks with US President Donald Trump.On August 18, Air Canada issued a statement on its website saying it has suspended its plan to gradually resume operations and canceled all flights because the Canadian Union of Public Service Employees (CUPE) illegally instructed flight attendants not to return to work. All Air Canada and Air Canada Rouge flights have been canceled until further notice, and passengers are urged not to go to the airport unless they have confirmed tickets on another airline.French President Emmanuel Macron stated on August 18th, following a meeting of the "Coalition of the Willing," that Russia, through its peace proposals, is demanding Ukraines surrender. "I dont believe Putin wants peace," Macron told reporters. "I believe he wants Ukraine to surrender." Macron will meet with US President Donald Trump and other European leaders, including Volodymyr Zelensky, on August 18th.On August 18, Syrian leader Shahrah said his country hopes to avoid military conflict with US-backed Kurdish forces if efforts to integrate Syrias northeastern autonomous administration into state structures fail. He said Kurdish leaders had expressed their readiness to reach a landmark agreement in March that would bring Kurdish-controlled areas under state jurisdiction. But he warned that ground operations suggest otherwise. Shahrah said Turkey and Washington, the main powers supporting the integration of Syrias oil-rich northeastern region into Syria, hope to resolve the issue peacefully.On August 18, officials in Russias Kursk Oblast said on the 17th that two sections of the regions highway were attacked by Ukrainian drones between the evening of the 16th and the 17th, resulting in one death and two injuries. The Ukrainian Ministry of Defenses Main Intelligence Directorate confirmed the attack on the Kursk Oblast highway that day and said that a Russian general was among the injured.

E-Mini Dow Trading on Strong Side of Main Retracement Zone

Skylar Shaw

Apr 21, 2022 10:06


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Investors brushed over weak Netflix results, which weighed on the S&P 500 and NASDAQ Composite.


June E-mini Dow Jones Industrial Average futures are trading higher just before the cash market opens on Wednesday. Meanwhile, Procter & Gamble and International Business Machines are leading the blue chip average with solid results.


June E-mini Dow Jones Industrial Average futures are trading at 34966, up 125 points or 0.36 percent, at 12:27 GMT. The SPDR Dow Jones Industrial Average ETF (DIA) closed at $349.14 on Tuesday, up $5.04 or 1.47 percent from its previous close.


In stock news, Procter & Gamble's shares rose by 1% after reporting better-than-expected profits.


Procter & Gamble also raised its full-year sales forecast. Another Dow component, IBM, surged more than 1% after reporting better-than-expected profits and sales.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is up. Buyers knocked out the last major top at 34820 on Tuesday, bringing it back up. The primary trend will be changed to down if a transaction is made through 34002.


The minor trend is upwards as well. A trade through 34179 will shift momentum to the downward and alter the minor trend to down.


36708 to 32086 is the primary range. The market is now edging closer to the top of its retracement zone, which runs from 34942 to 34397.

Technical Forecast for the Daily Swing Chart

Trader response to 34942 is expected to impact the direction of the June E-mini Dow Jones Industrial Average futures contract on Wednesday.

Possibilities for Growth

The presence of buyers will be shown by a prolonged advance over 34942. The uptrend will be reaffirmed if the next big top at 35015 is taken out. This might lead to a run to the major peak at 35281 on March 29. This might be a tipping point for a move higher, with the February 9 major peak at 35649 being the next objective.

Scenario that is bearish

The presence of selling will be signaled by a persistent rise below 34942. We might see a break through the 50% mark at 34397 if this develops enough downward momentum.

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