Indices

Technical Analysis – US 500 reaches five-month high; looks strongly bullish

Posted on July 22, 2020 at 12:19 pm GMT

The US 500 cash index reached another five-month high of 3,280.72 earlier today as the index extended its four-month bull run. Prices broke above the 3,230 level and are trading above their moving averages. The bullish picture in the medium-term is further supported by the MACD, which is rising above its trigger line, while the RSI is edging towards the overbought level. Should prices reverse lower, immediate support could come at 3,230 and the 3,110 barrier. Below that, the 23.6% [..]

Technical Analysis – US 30 index regains strength above SMAs and Ichimoku cloud

Posted on July 17, 2020 at 5:26 am GMT

US 30 stock index (Cash) is preserving its recent positive sentiment despite a pullback from the 27,178 level. The climb in the index is aided by the upward sloping simple moving averages (SMAs). Furthermore, the intact positive charge of the Ichimoku lines and the distancing of the red Tenkan-sen above the blue Kinjun-sen line may keep upside risks alive in the very near-term. The short-term oscillators also suggest growing bullish momentum. The MACD, comfortably above zero, has slipped below its [..]

Technical Analysis – US 30 index improves above MA’s and Ichimoku cloud

Posted on July 16, 2020 at 3:40 pm GMT

US 30 stock index (Cash) is preserving its recent positive sentiment despite a pullback from the 27,178 level. The climb in the index is aided by the upward sloping simple moving averages (SMAs). Furthermore, the intact positive charge of the Ichimoku lines and the distancing of the red Tenkan-sen above its blue Kinjun-sen line boost positive momentum in the very near-term. The short-term oscillators also suggest growing bullish momentum. The MACD, deep in the positive section, has slipped below its [..]

US big banks report Q2 earnings, could S&P 500 resume bull game? – Stock Market News

Posted on July 14, 2020 at 9:13 am GMT

US banks will kick off the earnings season for the second quarter this week in the pre-market session. JPMorgan Chase & Co, Citigroup, and Wells Fargo are reporting financial results on Tuesday, while on Wednesday, Goldman Sachs is announcing its own numbers before Bank of America and Morgan Stanley take the baton on Thursday. The data are arriving at a crucial time and could prove to be directional as markets are wondering whether the second virus outbreak can be a [..]

Technical Analysis – GER 30 index stalls appreciation above SMAs; momentum slows

Posted on July 13, 2020 at 3:27 pm GMT

Germany 30 Index (Cash) seems skewed to the upside as the price has moved above the rising simple moving averages (SMAs) and the Ichimoku cloud. Although the sideways market looks to be tipping towards the upside, it is currently on weak positive momentum, something also reflected in the Ichimoku lines and the short-term oscillators. The MACD, is holding above its red trigger line in the positive area with weak momentum, while the RSI gradually points higher in the positive region. [..]

Technical Analysis – US 500 index creeps higher; intentions appear positive

Posted on July 13, 2020 at 12:31 pm GMT

US 500 stock index (Cash) recently displayed a positive objective after finding a foothold on the 100-period simple moving average (SMA) and the upper surface of the Ichimoku cloud. The one-month neutral-to-bullish picture seems to have gained backing from the climbing SMAs and the recent bullish crossover by the 50-period SMA. Adding to this view are the positive signals reflected in the short-term oscillators. The MACD, in the positive region, is increasing above its red trigger line, while the RSI [..]

Technical Analysis – US 30 index loses momentum in short term

Posted on July 10, 2020 at 10:14 am GMT

The US 30 cash index has been on the sidelines over the last month as the 26,410 resistance level seems to be a real struggle for the bulls. Technically, the price could lose some ground in the short-term as the MACD is changing direction to the downside below the zero line, while the RSI is holding beneath the neutral threshold of 50 but is pointing up. A rebound on the 25,560 support and a rise above the simple moving averages (SMAs) could [..]

Technical Analysis – US 100 index flies to fresh record peak

Posted on July 9, 2020 at 12:56 pm GMT

The US 100 cash index recorded a new all-time high of 10,727.95 earlier today, continuing the steep increase from the 14-month trough of 6,635. The golden cross within the 50- and the 200-day simple moving averages (SMAs) remains intact and the RSI indicator is heading higher marginally above the 70 level. However, the stochastic oscillator is looking overbought and is flattening, suggesting a downside correction in the short-term. A significant rally above the all-time high could see the index to [..]

Technical Analysis – JP 225 index maintains horizontal mode

Posted on July 6, 2020 at 3:19 pm GMT

JP 225 stock index (Cash) may prolong its sideways crawl as the price stalled underneath the 22,825 upper bound of the range. Although the price found some footing on the 200-period simple moving average (SMA), the Ichimoku lines, the 50- and 100-period SMAs continue to indicate unclear direction and conflicting views. Conflicting signals are also suggested in the short-term oscillators. The MACD is above its red trigger and zero lines, while the RSI has marginally weakened under the 80 level. [..]

Technical Analysis – US 500 index touches 1-month peak but outlook remains neutral-to-bullish

Posted on July 6, 2020 at 11:48 am GMT

The US 500 cash index was promoting a bullish signal as it touched the 3,181 in the preceding session, but then it created a bearish doji candle. The technical indicators are mixed as the MACD is rising above its trigger line in the positive territory, while the RSI is sloping south around the 70 region. Moreover, the simple moving averages (SMAs) are suggesting a neutral-to-bullish mode as they give some optimism for upside tendency in the 4-hour chart. Hence, the short-run risk is looking neutral-to-positive at the moment and [..]

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