US stock indices rose during Wednesday's trading, amid optimism that the Corona virus will be contained, as well as the approval of the Congress in the United States to allocate funding to deal with the consequences of this virus, which has strengthened market confidence in the ability of countries to address the risks arising from it. < / p>

The price of the index yesterday traded recently proposed negative targets by reaching about 26184, however, the renewal of the stochastic of the positive activity and its approach to the level of 80 pushed the price to renew the resistance test, bouncing towards 27056.

The next scenario depends on the strength of the current resistance, in the event that the price fluctuation continues below it, it supports the negative correction again to target the level of 26425 in the first place, in front of the surge above the resistance, this confirms the recovery of the price for the bullish tendency and to start forming trades Strong bullish, to push it towards the 23.6% Fibonacci retracement level, which is stable at 27611.

The expected trading range is between 27056 and 26425