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Dow Jones - 1 Hourly

By Minipip
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The major index continues to consolidate pre-NFP.

The Dow Jones is currently consolidating with NFP due in 15 minutes, if numbers are strong, the index could push higher on signs that the economy continues to stay robust, however, if the numbers are below the 250k expectations then the markets could sell off again. If the number is too strong (above 250k), then it could be negative as it could prompt the FED to continue to hike rates at an aggressive pace. MACD is positive with RSI reading of 51, giving it a neutral stance.

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