U.S stock market cautiously climb

The stock market situation is slightly bullish today as traders looking ahead to this month FOMC meeting. The current upward movement happens while government shutdown entered the third week. As the shutdown continue, economic data release also stopped or delayed. It will create a blind period for traders as we venture without new data release until shutdown ended. Despite the situation, we will make use of each bearish correction in the stock market as a chance to add long positions at a lower level.

Dow Jones Industrial Average (INDU)

DJIA index bullish attempt reversed today and currently moving below the opening level. The index might consolidate until the next FOMC meeting. Or it could resume the bullish trend and target a new higher swing high. On the lower side, 45,000 and the orange trend line will become the major support level to watch when the bearish correction continues.

Nu Holdings Ltd (NU)

NU share prices is in a bearish correction phase for now, and it might move lower to retest the previously broken swing high also the trend line. If the share prices could reach both level, traders will use it as chance to enter long positions. Latest swing low located at $11.80, where a close below the level will cancel the current bullish outlook.;