Indices Analysis

Chart of the Day: Nasdaq Composite

The NASDAQ Composite closed with a hanging man candle, which may be signalling a reversal to come. Tomorrow’s price action will be important to see if a down/bearish candle will be posted to confirm the reversal. Since we are not at the 127% extension as of yet, the rally could …

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Today’s DAX Targets

DAX 30 September futures NOT starting a new bull phase as suggested, as we reverse recent gains. Initially, we bottomed exactly at the 12490/470 target for a bounce to the first resistance at 12610/640. Shorts here worked on the slide back to 12490/470 for a potential 130 ticks profit. Today’s …

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Another Bearish Pattern On S&P 500, DAX

The end of Wednesday’s session brought a sweet bullish reversal for global indices, which confirmed the defense of crucial mid-term supports. That should have given us significant optimism on Thursday morning but today buyers seem rather skeptical and they aren’t following that bullish sign from yesterday, at least not yet. …

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FTSE Daily Forecast For July 9, 2020

FTSE 100 September Futures remains very much in a sideways trend. Longs at the 2 week trend line support at 6100/6090 worked perfectly on the bounce to first resistance at 6165/75 & we topped exactly here. Shorts here were offered another 60 ticks profit. Today’s Analysis FTSE 100 Futures holding …

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