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Technical Analysis – JP 225 index bounces off 14-month low as negative bias eases; bearish outlook holds

Posted on January 31, 2022 at 10:16 am GMT

The JP 225 stock index (cash) has been experiencing a sharp decline in the past two weeks, generating a clear structure of lower highs and lower lows. The index managed to halt its decline after hitting the lower Bollinger band, while the near-term bias endorses the likelihood of a rebound. The momentum indicators further confirm that selling pressure is fading. The MACD histogram remains beneath both zero and its red signal line but its downfall reversed, while the stochastic oscillator [..]

Technical Analysis – US 100 index’s decline halts but outlook remains bearish

Posted on January 26, 2022 at 10:05 am GMT

The US 100 stock index (cash) has been experiencing a major sell-off since the beginning of the year but recently the price managed to cease its dip at the 13,720 region. Although the index has not yet managed to recoup a significant part of its losses, positive momentum seems to be strengthening. The momentum indicators are endorsing the cautiously positive near-term bias. The stochastic oscillator is sloping upwards after posting a bullish crossover, while the RSI has managed to rebound from the [..]

Technical Analysis – FTSE 100 unable to return above 200-MA, bearish risks persist

Posted on January 25, 2022 at 3:34 pm GMT

The FTSE 100 stock index has fallen 5.3 percent since January 20 and the correction in the index appears to be deepening, something also being suggested by the rolling over of the 50- and 100-period simple moving average (SMAs). A completed bearish crossover of the 100-period SMA by the 50-period one would confirm that bearish pressures are intensifying. Currently, the Ichimoku lines suggest that negative forces are taking a breather, while the short-term oscillators are sponsoring additional selling in the [..]

Technical Analysis – US 100 extends decline as negative momentum intensifies

Posted on January 18, 2022 at 3:37 pm GMT

The US 100 stock index (cash) has been trending downwards in the short term since its long-term upside trajectory peaked at the all-time high of 16,767 in late November. Moreover, the price has crossed beneath the Ichimoku cloud, while its 50-day simple moving average (SMA) is ticking downwards, further reinforcing the index’s near-term bearish picture. The resumption of the short-term retreat is the most likely scenario as the momentum indicators depict that selling forces have taken control. The MACD histogram is found below both zero and its red signal line, while [..]

Technical Analysis – US 500 index slips after posting all-time high; bias bearish

Posted on January 10, 2022 at 8:21 am GMT

The US 500 stock index (cash) has been plummeting in the four-hour chart since its upside trajectory peaked at the all-time high of 4,817. Moreover, the price crossed beneath both its 50-period simple moving average (SMA) and the Ichimoku cloud, further reinforcing the index’s imminent bearish bias. The recent pullback is likely to resume as the short-term oscillators indicate that selling forces have taken control. The MACD is found below its red signal line in the negative region, while the RSI is ticking slightly upwards well below its 50-neutral mark. If the price continues to descend, immediate support [..]

Technical Analysis – US 30 retreats from all-time high as bearish forces reign

Posted on January 7, 2022 at 9:18 am GMT

The US 30 stock index (cash) has been experiencing a minor pullback in the last few four-hour sessions since its long-term rally peaked at the all-time high of 36,950. Moreover, the price crossed below its 50-period simple moving average (SMA), reinforcing the index’s imminent bearish bias. The recent retreat is likely to continue as the short-term oscillators confirm that sellers have gained the upper hand. The MACD is found below its red signal line in the negative region, while the RSI [..]

Technical Analysis – US 500 index starts new year in calm tone

Posted on January 3, 2022 at 4:38 pm GMT

The US 500 stock index (cash) has been softly oscillating between gains and losses in the first trading hours of 2022, remaining marginally below last week’s record high of 4,808. While the tiny daily candles over the past couple of sessions and the weakness in momentum indicators imply some anxiety among traders, the positive trend in the broad picture reflects healthy conditions in the market remain intact. A step below the former resistance zone of 4,720 could downgrade the short-term picture back [..]

Technical Analysis – US 500 rebounds after sharp sell-off; bullish bias arises

Posted on December 22, 2021 at 9:25 am GMT

The US 500 stock index (cash) is trying to stage a full rebound after its short-term downtrend ceased at the 4,530 level in the four-hour chart. Although the index has already recouped half of its recent losses, its upside move is meeting some resistance near the 50-period simple moving average (SMA). The index’s recent recovery is likely to resume as the momentum indicators reinforce the positive near-term picture. Specifically, the MACD histogram is found well above its red signal line in the negative area, [..]

Technical Analysis – UK 100 index battles with 200-SMA as bullish bias arises

Posted on December 17, 2021 at 8:43 am GMT

The UK 100 stock index (cash) has been giving up ground in the short-term after the price peaked at 7,380 in early December. However, in the last few sessions, the index has bounced back somewhat and has been trying to overcome its 200-day simple moving average (SMA), currently at 7,250. The near-term picture suggests that bullish forces have gained the upper hand. This is further confirmed by the momentum indicators, with the MACD crossing above its red signal line but remaining in the [..]

Technical Analysis – US 100 index gains traction, eyeing record highs

Posted on December 16, 2021 at 9:10 am GMT

The US 100 cash index has been trending upwards in the long term, achieving a new record-high of 16,767 in late November. Since then, the price has slightly retreated, but in the near-term, some positive momentum has emerged, reviving bulls’ hopes for further upside potential. This positive immediate-term bias is further reinforced by the momentum indicators. The stochastic oscillator has posted a bullish crossover, while the MACD histogram has crossed above its red signal line in the positive region. Moreover, the price [..]

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