Wall Street rising: new impulses or correction? 3 buy securities

On Wall Street the race continues of the three main indices that reach ever higher peaks. What are the expectations for the next sessions?

On Wall Street it will be important to see if the main indices will make it up again or if on the contrary they will create a retracement.

The breaking of historic highs bodes well for a continuation of the upside, also because the trend remains decidedly bullish.

My view on Wall Street remains positive and I do not exclude that transfers can occur, especially if the indices will not be able to confirm themselves above the peaks they are updating today.

For the S & P500 the first support that must not be violated is that in area 3.067, whose hold will be crucial to be able to witness further ascents.

Below 3,067 points, the index could fall to 3,040 and 3,020 points, the break of which will open the door to a wider decline up to 2,980 points.

On the upside, the S & P500 has an upcoming target at 3,120 points, beyond which there will be room for an extension to area 3,160.

For the Dow Jones, the most significant support is now in the 27,400 area, ie on previous historical peaks.
A break on the downside of this threshold will push the index towards 27,000 points, with possible bearish extensions to around 26,750 points.

However, I expect the support to hold at 27,400 points, while above 27,800 points the Dow Jones will have room for growth in the short term up to area 28,250.