Forecasts & Analysis | Indices, Page 2

This week will be critical for the British currency, which may result in increased volatility of sterling both downwards and upwards. Right now, positive market sentiment supported by hopes for approval of the UK exit from the EU.

It’s a busy day ahead for the majors, with economic data, geopolitics and, corporate earnings in focus. Is a Boris Johnson magic act on the cards?

Monday’s inside move suggests investor indecision and impending volatility. The extremely low volume helped contribute to the sideways price action.

Chinese trade data comes in softer than expected

News, again, drives the US stock market and major indexes higher as optimism of a US/China trade agreement floods the news wires. As we’ve been suggesting, the global markets continue to be news-driven and are seeking any positive news related to easing trade tensions and capital markets. We

Stock markets were choppy to kick off the week on Monday, as we are at relatively high levels, and of course earnings season starts after the Monday session. Ultimately though, what really has made this market a bit confused is that the US/China trade talks seem to have produce nothing.

Based on the early price action and the current price at 26795, the direction of the December E-mini Dow Jones Industrial Average futures contract into the close on Monday is likely to be determined by trader reaction to the short-term Fibonacci level at 26697.

Based on the early price action, the direction of the index the rest of the session on Monday is likely to be determined by trader reaction to the uptrending Gann angle at 2967.00.

China trade data and Brexit updates to set the tone at the start of the week.

Based on the early price action and the current price at 7908.50, the direction of the December E-mini NASDAQ-100 Index futures contract into the close is likely to be determined by trader reaction to the downtrending Gann angle at 7918.50.

Based on the early price action and the current price at 26922, the direction of the December E-mini Dow Jones Industrial Average futures contract into the close is likely to be determined by trader reaction to the downtrending Gann angle at 26992.

Based on the early price action and the current price at 2978.50, the direction of the December E-mini S&P 500 Index into the close on Friday is likely to be determined by trader reaction to the downtrending Gann angle at 2985.75.

The S&P 500 fell during a large portion of the week, but then turned around to recapture those losses and reach towards the top of the hammer from the previous week. That’s a bullish sign, but we also are at near all-time highs.

The S&P 500 has rallied significantly during the trading session on Friday, awaiting some type of resolution to the US/China trade talks. Ultimately, we are very close to the all-time highs, so it will be interesting to see how this plays out. Unfortunately, as we are so close to those

Our researchers believe the bottom in Metals has already set up on October 1, 2019. This setup aligns with our earlier analysis that a new bullish price leg is setting up that will propel Gold to levels above $1600 before the end of November – possibly resulting in a

It’s a big day ahead on the geopolitical front. Progress on Brexit and U.S – China trade talks will be needed to support the majors.

Shares remain rangebound as traders await trade decision

The US/China trade talks are underway in Washington DC during the trading session on Thursday and it appears that people are hoping that perhaps they will be fruitful. At this point though, it’s very likely that is probably a bit of a reach.

Based on the early price action and the current price at 7781.50, the direction of the December E-mini NASDAQ-100 Index futures contract the rest of the session on Thursday is likely to be determined by trader reaction to the Fibonacci level at 7783.00.

Based on the early price action and the current price at 26290, the direction of the December E-mini Dow Jones Industrial Average futures contract the rest of the session on Thursday is likely to be determined by trader reaction to the uptrending Gann angle at 26343.