US major indexes closed the day with gains, as strong manufacturing readings fueled hopes for steadier growth during 2017 in the US. Nevertheless, trading remained subdued, with the Dow Jones Industrial Average closing the day up by just 11 points at 19,945.04, whilst the S&P added 5 points and ended at 2,268.88. The Nasdaq Composite advanced to a new record high before settling at 5,487.44, up by 24 points or 0.45%. As for the DJIA technical picture, the benchmark advanced up to 19,978 intraday, barely 6 points away from the all-time high posted this December, and still poised to test the 20,000 threshold, and still bullish, as the 20 DMA continues advancing below the current level and well above the larger ones, whilst the RSI indicator turned modestly higher around 76. The Momentum indicator in the mentioned chart has pulled further lower within positive territory, as a consequence of diminished volumes rather than the absence of buying interest. Shorter term, and according to the 4 hours chart, the neutral stance persists, with the index now a few points above a horizontal 20 SMA and technical indicators heading modestly lower within positive territory.
Support levels: 19,884 19,823 19,746
Resistance levels: 19,984 20,020 20,065