Indices / Page 8

Technical Analysis – US 100 index holds above May’s lows despite big fat sell-off

Posted on May 19, 2022 at 8:01 am GMT

The US 100 stock index (cash) was smashed by worrying earnings from US retailers on Wednesday, but the big-fat sell-off was not strong enough to close below 11,874 for the second time this month. Sellers are expected to dictate the short-term trading in the four-hour chart as the momentum indicators are dipped in the bearish area, though with the Stochastics and the RSI hovering near their oversold levels, an upside correction cannot be ruled out. In other encouraging signals, the red Tenkan-sen [..]

Technical Analysis – US 30 index’s gains curbed by Ichimoku cloud and 100-MA

Posted on May 19, 2022 at 7:56 am GMT

The US 30 stock index (Cash) has been driven back down to the vicinity of its recently recorded 14-month low of 31,224 by the restricting Ichimoku cloud and the descending 100-period simple moving average (SMA). That said the falling SMAs are endorsing the approximately one-month downward bearing from the 35,496 high, which pierced marginally below the 31,321 low reached back in March 2021, where the price had found its latest footing prior to current selling pressures. The Ichimoku lines are [..]

Technical Analysis – US 500 index faces headwinds as advances engage

Posted on May 17, 2022 at 2:32 pm GMT

The US 500 stock index (Cash) is being curbed by the Ichimoku cloud after the index unearthed positive traction around a 13½-month low of 3,858, just shy of the March 2021 trough of 3,853. The diving simple moving averages (SMAs) are defending the more than six-week decline in the benchmark index. Currently, the Ichimoku lines are reflecting the struggle buyers are encountering to extend push beyond the cloud. This is also being mirrored in the short-term oscillators. The MACD and [..]

Technical Analysis – US 30 index unlocks new losses towards 14-month low

Posted on May 12, 2022 at 8:18 am GMT

The US 30 cash index is plunging for the sixth consecutive day, straight to a 14-month low of 31,611. The RSI is also in bearish territory below 50 and is clearly pointing down, where another rebound may reduce chances for more price declines. The stochastic oscillator is ready for a bullish cross within its %K and %D lines in the oversold area, indicating that the negative movement may end soon. If the market corrects higher, the bullish action may pause initially near 32,200 before attention [..]

Technical Analysis – US 500 index stays below familiar resistance

Posted on May 5, 2022 at 10:27 am GMT

The US 500 stock index (cash) staged a quick rally in the FOMC aftermath late on Wednesday, but the advance was not bold enough to pierce the ceiling around 4,308 and reach the 100-period simple moving average (SMA) on the four-hour chart. The bears are currently trying to take control below the former restrictive region of 4,281 – 4,270 and from a technical perspective, the odds are somewhat on their side as the RSI has pulled below its 70 overbought mark and [..]

Technical analysis – US 500 index erases losses to test weekly resistance

Posted on April 29, 2022 at 9:20 am GMT

The US 500 index (cash) switched to a recovery mode after finding a strong footing near the former resistance trendline and the 4,141 level earlier this week. The area between the 23.6% Fibonacci retracement of the downfall from the record high of 4,808) at 4,274 and the 4,308 mark has been limiting bullish actions during the week, while it has also been a key barrier since June 2021. A close above that bar will probably motivate fresh buying towards the 38.2% Fibonacci of 4,378, [..]

Technical Analysis – US 100 index fails to fall below 23.6% Fibonacci

Posted on April 19, 2022 at 9:11 am GMT

The US 100 cash index is struggling again to fall beneath the 23.6% Fibonacci retracement level of the down leg from 16,767 to 12,940 at 13,844. The short-term negative bias started after the price reached the 100 and 200-day simple moving averages (SMAs). The RSI indicator is pointing slightly down in the negative region, while the MACD is strengthening its bearish momentum below its trigger and zero lines. Should prices decline, immediate support could be found around the low from [..]

Technical Analysis – US 30 index bounces on 200 MA but downside risks linger

Posted on April 13, 2022 at 1:48 pm GMT

The US 30 stock index (Cash) rebounded on the 200-period simple moving average (SMA) at 34,146, as sellers tried to intensify the two-week deterioration in the index from the 35,378 price region. The converging longer-term 100- and 200-period SMAs are not reflecting a dominant trend, while the falling 50-period SMA, is endorsing the negative price action. Currently, the short-term oscillators are suggesting that a bearish tone is lingering. The MACD, is below the zero mark and has returned slightly beneath [..]

Technical Analysis – JP 225 index cedes more than fifty percent of one-month rally

Posted on April 12, 2022 at 1:37 pm GMT

The Japan 225 stock index (Cash) has temporarily found its feet around the 26,242 level but it’s evident that downside risks have yet to fully evaporate. The price currently resides south of the 200-period simple moving average (SMA) and is toying with the 50.0% Fibonacci retracement level of the ascent from the near 16-month low of 24,502, which reached the 28,649 high. Nonetheless, the diving 50-period SMA along with the rolling over of the 100-period SMA, together convey messages that [..]

Technical Analysis – US 100 index posts losses after pull back off 61.8% Fibo

Posted on April 12, 2022 at 9:16 am GMT

The US 100 cash index is heading south after the pull back off the 61.8% Fibonacci retracement level of the down leg from 16,767 at 12,940 at 15,308, which also stands near the 100- and the 200-day simple moving averages (SMAs). The RSI indicator is flattening beneath the neutral threshold of 50, while the MACD is touching the zero level, remaining below its trigger line. Steeper decreases could open the way for a visit of the 23.6% Fibonacci of [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

Indices

XM Live Chat