U.S stock market maintain bullish pressure

The stock market has been bullish and continue to reach new record high for S&P500 & Nasdaq. The DJIA index also climbing and near to print new record high. Strong earnings and optimism over tariff and interest-rate continue to bolster the bullish sentiment. No bearish correction, no dump in the stock market, and the bullish situation looks could continue for a while. Traders better wait for a bearish correction in the stock market for a chance to add long positions.

Dow Jones Industrial Average (INDU)

DJIA index is near the record high and might attempt to break out to continue the upward movement. At the current time, the index might consolidate with bullish boas. If a bearish correction happens, then the 44,000 handle is the place to look for bounce reactions. On the lower side, the area between daily SMA 200 and 43,200 could become the target if bearish correction take deeper turn.

Micron Technology (MU)

MU share prices is in a bearish correction after the rally toward $130.00 level. It might find support between $98.88 – $110.00 and stabilize near it. When the share prices stabilized and form bullish reactions, traders could start scaling-in long positions. The $98.00 – $110.00 will become the place where traders place a cluster of long orders with stop below $90.00.