Jump to content

News and Trade Ideas (Indices)


MongiIG

Recommended Posts

FTSE 100, Dax and Nikkei make further headway

US markets are closed for Labor Day, but European and Japanese stocks have made further gains.

BG_chart_indices_stocks_098213234.jpgSource: Bloomberg
 Chris Beauchamp | Chief Market Analyst, London | Publication date: Monday 06 September 2021 

FTSE 100

Each attempt to break above 7170 seems to run out of steam, but on the downside the buyers are for the moment able to hold the price above 7100.

The uptrend of recent months would suggest that the next move for the FTSE 100 will be higher, but for now this tight range continues to prevail.

FTSE_060921.pngSource: ProRealTime

DAX

Trendline resistance from the August peak continues to hold back progress for the DAX, as we saw on Friday, when once again an attempt to push higher ran out of steam.

The 15,730 level continues to provide a zone of support, so sellers will need to breach this to open the way to additional downside.

DAX_060921.pngSource: ProRealTime

Nikkei

The resignation of PM Suga appears to have delivered the catalyst for a change in trend for the Nikkei.

After steadily declining since February, the index found support in August at 27,000 as it had done in May.

From here a bounce developed, which has carried the price to its highest level since April, in what looks like a change of trend that puts the upside case back in play.

Nikkei_060921.pngSource: ProRealTime
Link to comment

FTSE 100, DAX, and Dow pullback unlikely to last

FTSE, DAX, and Dow expected to push higher as indices ease back within wider uptrends.

bg_dax_365338748.jpgSource: Bloomberg
 Joshua Mahony | Senior Market Analyst, London | Publication date: Tuesday 07 September 2021 

FTSE 100 continues to grind higher

The FTSE 100 is drifting lower in early trade, following a push into the highest level in over two weeks yesterday.

This index has been grinding higher over the course of the past fortnight, as it attempts to regain the ground lost in mid-August. That intraday uptrend remains intact, with the weakness seen this morning likely to represent another short-term retracement.

As such, a bullish outlook holds unless the index falls back below the 7122 swing-low.

UKX-4-hours7921.pngSource: ProRealTime

DAX easing back after latest rally

The DAX kicked off the week in style, with price surging back towards the upper boundary of its recent consolidation zone. The move lower seen this morning highlights the potential for us to simply remain within this consolidation zone.

As such, it does make sense to await a potential breakout through the 15983-16032 resistance zone for the bullish continuation signal.

DAX-4-hours7921.pngSource: ProRealTime

Dow Jones falls back towards trendline support

The Dow has been in consolidation mode over the course of the past fortnight, with the index enjoying a belated start to the week after yesterday’s Labour Day holiday.

The long-term uptrend points towards a likely bullish exit from this consolidation pattern, with trendline support coming into play if we fall further.

As such, while we remain within this consolidation phase, the exit is expected to come towards the upside, with a break below the 35266 level required to bring expectations of a wider pullback.

DJI-4-hours7921.pngSource: ProRealTime
Link to comment

Indices continue to fall

Stock markets fell yesterday, particularly in Europe, with the losses continuing today.

BG_ftse_100_ukx_indices_098098.jpgSource: Bloomberg
 Chris Beauchamp | Chief Market Analyst, London | Publication date: Wednesday 08 September 2021 

FTSE 100

Yesterday’s reversal has been followed up with further losses, putting additional pressure on the index and causing it to drop below rising trendline support from mid-August.

Further declines target 7000, backed up by stochastics and moving average convergence/divergence (MACD), which have both turned lower. The bearish view remains in place unless we see a move back above 7150.

ftse_080921.pngSource: ProRealTime

DAX

Here the price has fallen below the 50-day simple moving average (SMA) of 15,709 and towards the zone of support from mid-August. Declining stochastics and MACD continue to reinforce the bearish view, opening the way to 15,400 and 15,100.

The bullish view will remain suspended unless the price moves back above 15,800, supported by bullish crossovers in momentum indicators.

DAX_080921.pngSource: ProRealTime

S&P 500

A modest decline here seems to be gathering pace, bringing the 50-day SMA at 4422 into view as a potential area of support.

Below this the August low at 4350 comes into view.

SPX_080921.pngSource: ProRealTime
Link to comment

FTSE 100, DAX, and Dow slump provides potential opportunity for bulls

FTSE, DAX, and Dow hit hard in early trade, but the wider uptrend could provide a buying opportunity.

BG_ftse_100_ukx_index_indices_stocks_lonSource: Bloomberg
 Joshua Mahony | Senior Market Analyst, London | Publication date: Thursday 09 September 2021

FTSE 100 slide continues, with price falling below Fibonacci support

The FTSE 100 selloff has shown few signs of letting up, with the index falling below the 76.4% Fibonacci support level this morning.

This raises the risk of a decline through 6991 to bring a wider selloff into play. The wider uptrend clearly remains intact, yet each swing-low that is taken out brings expectations of a wider move lower.

With that in mind, there is still a chance of the bulls coming back into play here, yet this recent break below 7039 brings greater risk of a break back below 6991.

UKX-4-hours9921.pngSource: ProRealTime

DAX breaks support and heads lower

The DAX has taken out the 15622 support level, bringing expectations of a wider pullback for the index.

To the downside, it is worthwhile watching for some buying pressure to potentially come back into play within the 15423-15279 Fibonacci support zone. Given the long-term uptrend in play, there is a good chance we will see this current sell-off draw to an end before long.

This Fibonacci zone provides one key region of support which is likely to bring about a potential bullish reversal.

DAX-4-hours9921.pngSource: ProRealTime

Dow Jones falls back into Fibonacci support

The Dow has similarly been on the back foot, with price falling back into the 76.4% Fibonacci support level this morning.

The ability to remain above 34562 support is key here, with a bullish view in play unless that level is broken.

DJI-4-hours9921.pngSource: ProRealTime
Link to comment

FTSE 100, DAX, and Dow expected to turn upwards after recent declines

FTSE, DAX, and Dow weakness brings potential buying opportunities given the long-term uptrend in play.

BG_ftse_100_ukx_indices_098098.jpgSource: Bloomberg
 Joshua Mahony | Senior Market Analyst, London | Publication date: Friday 10 September 2021 

FTSE 100 attempts to rebound from key support

The FTSE 100 has been hit hard over the course of the week, with price falling back into the 6991 support level. That threshold remains key, with a break below 6991 bringing a double top formation.

From a wider perspective, we could see a break through support as simply bringing the wider 6808-7225 retracement into play. In any case, the wider uptrend does point towards the bulls coming back into play before long.

As such, a recovery from here makes sense, with a decline through 6991 required to signal a wider pullback towards 6967 and 6906 support.

UKX-4-hours10921.pngSource: ProRealTime

DAX starts to regain lost ground

The DAX has similarly been on the back foot this week, although we are seeing the bulls come back into play from marginally above the 61.8% and 15420 support levels.

While there is always risk that we see another leg lower, this pullback was always unlikely to fall through the 15047 level, meaning that any positions around the 61.8% or 76.4% Fibonacci retracements look attractive.

As such, another leg lower could provide traders with a better entry opportunity. Nonetheless, whether we see that next leg lower or not, the bulls look likely to come back into play before long.

DAX-4-hours10921.pngSource: ProRealTime

Dow Jones turning upwards from Fibonacci support

The Dow has started to find its feet after a decline into the 76.4% Fibonacci support level.

The wider uptrend points towards a likely bullish recovery from here, with a decline through the 34562 level required to negate that bullish outlook.

DJI-4-hours10921.pngSource: ProRealTime
Link to comment

Indices move higher in early trading

After a poor end to last week, indices have rediscovered their upward momentum.

BG_ftse_100_ukx_index_indices_stocks_lonSource: Bloomberg
 Chris Beauchamp | Chief Market Analyst, London | Publication date: Monday 13 September 2021 

FTSE 100

The FTSE 100 has bounced from 7000, moving up from this support zone and aiming for a renewed move back to 7200.

The continued defence of 7000 leaves a more bearish view out of the picture for the time being, but a move below 7000 would bring 6882, the 200-day simple moving average (SMA), into view.

FTSE_130921.pngSource: ProRealTime

Dax

Dip buyers here have been rewarded so far with an initial bounce back to the 50-day SMA at 15,706. Further gains head towards 16,000, the ceiling of the past six weeks.

Sellers will be looking for a renewed move below 15,500 that opens the way to further downside. For the moment, however, the buyers appear to be in charge.

DAX_130921.pngSource: ProRealTime

S&P 500

The price is stabilising after a week of losses, nearing the 50-day SMA (4431) once again, the scene of previous recoveries this year.

The modest decline has yet to turn into a firm bounce such as that seen in Europe. Buyers appear to be doing their best to push the price back above 4500.

SPX_130921.pngSource: ProRealTime
Link to comment

FTSE 100, DAX, and Dow start to regain lost ground

FTSE, DAX, and Dow attempt to regain ground after recent losses. However, hurdles still remain as the bulls start to find their feet again.

BG_ftse_100_ukx_indices_098098.jpgSource: Bloomberg
 Joshua Mahony | Senior Market Analyst, London | Publication date: Tuesday 14 September 2021 

FTSE 100 weakness likely to represent fresh buying opportunity

The FTSE 100 has been attempting to regain lost ground following a decline into the 6991 support level last week.

The first rally saw a 76.4% Fibonacci retracement take shape on Friday. However, we are now seeing a second retracement, with price falling back down towards the 61.8% Fibonacci support level at 7038.

With further upside expected, a bullish outlook holds unless we see price fall back below the support zone of 6991-7005.

UKX-4-hours14921.pngSource: ProRealTime

DAX expected to turn higher despite overnight losses

The DAX has also been regaining ground of late, with price having dropped back towards a confluence of 15420 and 61.8% support last Thursday.

With price regaining ground since then, we have seen a 61.8% pullback (15548) which led to a secondary push into the 200-SMA (simple moving average). We are seeing price fall back once again here, yet that looks likely to be a short-term retracement before we head higher again.

As such, a bullish outlook holds here, with a break below 15548 required to signal the beginning of another wider leg lower.

DAX-4-hours14921.pngSource: ProRealTime

Dow Jones rolling over after rebound from key support

The Dow has been regaining ground after a decline into the region of the August low of 34562. Thankfully that level held, with price rising over the course of Monday.

Nonetheless, we need to see a break up through 35117 to provide greater confidence that this bearish phase is over. With price rolling over after an overnight rally above 61.8% resistance, there is a chance we head back down towards that crucial 34562 support level.

The ability to hold up above that level is key here, with a break below that point signalling a wider pullback coming into play.

DJI-4-hours14921.pngSource: ProRealTime
Link to comment

FTSE 100 and S&P 500 struggle but DAX looking stronger

Indices continue to see pre-options expiry volatility, but the DAX is still looking the strongest at present.

BG_index_indices_FTSE_Nikkei_Dow_DAX.jpgSource: Bloomberg
 Chris Beauchamp | Chief Market Analyst, London | Publication date: Wednesday 15 September 2021

FTSE 100

Like most markets, Tuesday saw Monday’s gains given back, putting the FTSE 100 back towards the lows of last Thursday.

For now those lows are yet to be tested, providing a line in the sand for the time being. Below 6990 the index looks to move back towards 6887, the 200-day simple moving average (SMA), and then down to the 6800 low from mid-July.

FTSE_150921.pngSource: ProRealTime

DAX

Unlike the FTSE, this market has held on to most of the gains from Monday.

This has been accompanied by a bullish stochastic crossover, providing a near-term bullish view. Further gains above 15,800 would solidify this bullish view and open the path to 16,000 and higher.

Sellers need to drive the price back towards 15,500 and the lows of last week.

DAX_150921.pngSource: ProRealTime

S&P 500

Hopes of a bounce were dashed yesterday, and instead the index pushed to a new intraday lower low.

As yet there is little sign that the low is in, with opex on Friday meaning that we have likely not seen the end of the volatility.

The sellers continue to carry the day in the short-term, but dip buyers should remain on alert for any change in price action that will signal a new move higher.

SPX_150921.pngSource: ProRealTime
Link to comment

Indices mixed in early trading

Some small gains have been seen in early trading, but European markets are still struggling to keep pace with a more ebullient US performance.

BG_ftse_100_ukx_indices_098098.jpgSource: Bloomberg
 Chris Beauchamp | Chief Market Analyst, London | Publication date: Thursday 16 September 2021 

FTSE 100

Hopes of a rebound for the FTSE 100 have been dashed again, as the price gives back the gains from yesterday.

This leaves the bearish view in play for now, targeting a move below 7000.

FTSE_160921.pngSource: ProRealTime

DAX

Sellers still appear to have the upper hand here, pushing the price back down from yesterday’s high and opening the way to another test of 15,450 - last week’s lows.

With the price unable to hold gains the bullish view remains out of the picture for now, and would only be revived with a move back above 15,850.

DAX_160921.pngSource: ProRealTime

Dow

US futures are holding on to their gains from Wednesday, providing hope of a move upwards after the pullback so far.

A breakout from the potential bullish wedge, above 34,850, would mark a positive development for dip buyers. Meanwhile, sellers will want to drive the price back below 34,500.

Dow_160921.pngSource: ProRealTime
Link to comment

Indices edge off their lows as recovery hopes rise

It has been a seesaw week for stock markets, but the buyers appear to be gaining the upper hand as the final session gets underway.

BG_ftse_100_ukx_index_indices_stocks_lonSource: Bloomberg
 Chris Beauchamp | Chief Market Analyst, London | Publication date: Friday 17 September 2021 

FTSE 100

The FTSE 100 managed to hold on to its gains, and is looking to push on above 7080, in order to break the trading range of the week.

This would open the path towards 7200 once again, putting the buyers firmly in charge. Sellers have been unable to hold the price near 7000, or indeed to push the index below this level.

FTSE_170921.pngSource: ProRealTime

DAX

Over the previous two days dips towards 15,610 have found buyers, but a move above 15,750 still eludes the index.

As the week comes to a close, the buyers have pushed the index back towards this level, with a breakout above 15,750 opening the way to a renewed bounce, helped by rising stochastics.

Sellers need to push the price below 15,600 to open the way to renewed downside.

DAX_170921.pngSource: ProRealTime

S&P 500

Thursday’s bounce off the 50-day simple moving average (SMA) seems to have put the buyers back in charge, and a move above 4500 would bring this latest shallow pullback to a close, and indicate that a new move towards recent highs is underway.

SPX_170921.pngSource: ProRealTime
Link to comment

Indices tumble as China concerns flare

The new week has begun with heavy losses, as stock markets retreat on renewed China concerns, relating to the Evergrande property group.

BG_ftse_100_ukx_indices_098098.jpgSource: Bloomberg
 Chris Beauchamp | Chief Market Analyst, London | Publication date: Monday 20 September 2021 

FTSE 100

Early losses have taken the FTSE 100 to its lowest level since mid-July, heading rapidly towards the 200-day simple moving average (SMA) at 6893.

So far the sellers are firmly in charge, and if the 200-day is lost then 6800, which acted as lows in May and July, is the next area to watch to the downside.

Buyers will be looking for a recovery above 7000, but it seems unlikely that this will happen today.

FTSE_200921.pngSource: ProRealTime

DAX

Now embracing 40 stocks, the DAX is nonetheless on the back foot like the others, giving back all the ground gained since late July. Below 15,278 the next target is the July low at 15,047.

Overall it looks like the downward move is likely to prevail overall, with buyers needing a recovery above 15,700 to provide a sign that a bounce is in play.

DAX_200921.pngSource: ProRealTime

Dow

US markets have begun the week firmly on the back foot, and look set for further losses.

 

 

The next level to watch to the downside appears to be 33,960, and intraday rallies are likely to be the cue for further selling unless we see a recovery above 34,707.

Dow_200921.pngSource: ProRealTime
Link to comment

Indices edge up after heavy losses on Monday

Stock markets made headway late on Monday, rebounding from the worst of the selloff, with some more gains in early trading today.

BG_ftse_100_ukx_index_indices_stocks_lonSource: Bloomberg
 Chris Beauchamp | Chief Market Analyst, London | Publication date: Tuesday 21 September 2021

FTSE 100

The FTSE 100 dipped below the 200-day simple moving average (SMA) of 6895 yesterday, but then came storming back. It has opened above the 200-day today, and will be aiming to continue its recovery and retake 7000.

A renewed drop below 6870 would mark a resumption of the September decline.

FTSE_210921.pngSource: ProRealTime

DAX

As in July, the index has neared 15,000, managing to halt its decline in the process.

If a similar move to July develops then we look for continued gains above 15,400, accompanied by rising stochastics.

DAX_210921.pngSource: ProRealTime

S&P 500

The price dipped below the 100-day SMA yesterday, but has recovered in early trading. Buyers will hope that further gains above 4439 (the 50-day SMA) will signal that a recovery is in place.

The bounce from the lows seems to point towards a recovery, but a reversal below 4336 and the 100-day SMA would hand the initiative to the sellers.

SPX_210921.pngSource: ProRealTime
Link to comment

Indices stage a further recovery

A revival in risk appetite has seen indices across the globe rebound from the lows of earlier in the week.

BG_ftse_100_ukx_indices_098098.jpgSource: Bloomberg
 Chris Beauchamp | Chief Market Analyst, London | Publication date: Wednesday 22 September 2021 

FTSE 100

The FTSE 100 has continued to make headway after a choppy session yesterday, during which it managed to find support at the 200-day imple moving average (SMA) of 6897.

The price has continued to climb, recovering 7000, and now it targets trendline resistance from earlier in the month, coming in around 7050.

With daily stochastics crossing higher too it looks like the buyers have re-established control in this market.

FTSE_220921.pngSource: ProRealTime

DAX

This index finds itself some 400 points higher than Monday’s low, with a recovery apparently firmly underway.

The stout defence of the July low left sellers unable to push the market lower, and instead a rebound has developed that could now begin to target 15,800 in the medium-term.

DAX_220921.pngSource: ProRealTime

Dow

US indices have been more hesitant thanks to the Federal Reserve (Fed), but Dow futures are showing signs of recovering as well, moving back above 34,000.

Now we look to see if these small gains can hold as markets await the Fed decision, and whether they can move higher once the decision is out of the way.

Dow_220921.pngSource: ProRealTime
  • Like 1
Link to comment

Indices make headway as new week begins

Stock markets ended the week with solid gains and have begun the new week with further moves higher.

BG_ftse_100_ukx_indices_098098.jpgSource: Bloomberg
 Chris Beauchamp | Chief Market Analyst, London | Publication date: Monday 27 September 2021

FTSE 100

After a see-saw week, the FTSE 100 has found renewed upward momentum, and is making further headway as it looks to target 7200 and then 7235.

After bouncing from the 200-day simple moving average (SMA) of 6906 last week, the price is back in bullish mode with a reversal below 7000 needed to suggest the sellers have regained control.

FTSE_270921.pngSource: ProRealTime

DAX

This index reclaimed its losses last week and is now looking to push on above the 50-day SMA (15,696).

A move above this eluded it last week, but the overall bullish atmosphere continues to provide support for expectations of higher prices. Shallow trendline resistance comes into play around 15,850.

DAX_270921.pngSource: ProRealTime

S&P 500

After retreating in the first half of the week the price staged an impressive rebound, and has begun the new week with a gap higher and a move towards 4500.

From here the September record high is back in view once again at 4550.

SPX_270921.pngSource: ProRealTime
Link to comment

FTSE 100, DAX, and Dow at risk as stocks turn lower

FTSE, DAX, and Dow start to turn lower, with recent gains looking at risk as markets take a turn for the worse.

BG_ftse_100_ukx_index_indices_stocks_lonSource: Bloomberg
 Joshua Mahony | Senior Market Analyst, London | Publication date: Tuesday 28 September 2021 

FTSE 100 starts to roll over from Fibonacci resistance

The FTSE 100 has been struggling to exit a multi-month consolidation phase of late, with price rising from around the 6808-6822 support zone over the past week.

However, with price rising towards the top end of that consolidation zone, we see the bullish side become more at risk once again. With that in mind, the 76.4% Fibonacci resistance level of 7131 appears to be coming into play as the index turns lower.

The break below 7040 provides a fresh sell signal, with the index heading lower as a result. With that in mind, another bout of losses look likely as we continue to respect this wider consolidation zone.

UKX-4-hours28921.pngSource: ProRealTime

DAX rolling over after recent rally

The DAX has similarly started to roll over after a period of gains that took us back towards the key swing-high of 15793. The failure to break that level highlights how we continue to exhibit a trend of lower highs.

With that in mind, the decline through 15494 brings a sell signal as the bearish trend seen over the past month comes back into play. We need to break through that 15793 level to bring that wider bullish trend back into play for the DAX.

DAX-4-hours28921.pngSource: ProRealTime

Dow Jones turns lower from 76.4% resistance

The Dow has been turning lower from the 76.4% Fibonacci resistance level just like the FTSE 100.

The recovery seen over the past week does still remain intact, although we could see the bears come back into play if price breaks below the 34591 swing-low.

DJI-4-hours28921.pngSource: ProRealTime
Link to comment

Indices stage a rebound

Indices are looking to stage a recovery after heavy losses yesterday, but the overall cautious view remains firmly in place.

BG_ftse_100_ukx_indices_098098.jpgSource: Bloomberg
 Chris Beauchamp | Chief Market Analyst, London | Publication date: Wednesday 29 September 2021 

FTSE 100

After faltering last week at 7130 the FTSE 100 has continued to weaken, and while it has edged up this morning in early trading the losses of the past few days have begun to negate the bullish view created by last week’s bounce.

Buyers need to push the price back above the 50-day simple moving average (SMA) at 7090, while on the downside sellers will be looking for a renewed move below 7000.

FTSE_290921.pngSource: ProRealTime

DAX

Yesterday’s drop has put the index back on a downward path, with the small bounce seen so far today doing little to change this outlook.

The hope for buyers will be that the price can hold 15,280, and then continue to move back above 15,500.

Sellers will hope that the brief overnight bounce attracts more sellers, driving the price back towards 15,000.

DAX_290921.pngSource: ProRealTime

S&P 500

The S&P 500's drop on Tuesday stalled at the 100-day SMA (4350), just as last week’s bounce began from there.

A recovery above 4400 could point towards more gains. A drop back below 4350 and then below 4330 points towards additional downside.

SPX_290921.pngSource: ProRealTime
Link to comment

FTSE 100, DAX, and Dow regaining ground after recent declines

FTSE, DAX, and Dow show signs of a possible end to the recent bearish phase, but questions remain as resistance stays unbroken.

BG_ftse_100_ukx_indices_098098.jpg

Source: Bloomberg
 
 
 Joshua Mahony | Senior Market Analyst, London | Publication date: Thursday 30 September 2021 

FTSE 100 rises through resistance to bring three-week high

The FTSE 100 has managed to push up through the 7131 resistance level this morning, bringing about the highest level in over three-weeks.

Coming off the back of a consolidation phase, there is a good chance this paves the way for another push higher as the index attempts to end the bearish phase seen throughout September.

A move back below 7010 would certainly bring a more pessimistic picture back into play. Until then, there is a good chance we continue to grind higher in a bid to regain the key 7195 resistance level.

UKX-4-hours30921.pngSource: ProRealTime

DAX attempting to regain lost ground

The DAX has been on the rise since Tuesday’s lows, although the downtrend seen since mid-August remains intact. With that in mind, there is still a risk of further downside to build on recent losses.

However, with price having surged from the key 15047, there is a possibility that the index bottoms out here. A break below 15227 and 15193 would certainly provide that warning sign that we are heading back into the 15047 support level.

DAX-4-hours30921.pngSource: ProRealTime

Is Dow Jones building a base after recent losses

The Dow has seen another bout of losses this week, with price falling back into the 61.8% Fibonacci support level at 34362.

Much like the DAX, we are seeing a market coming off the back of a decline into the wider support level (33740 here). That signals a potential for the index to build a base and start to regain ground from here.

With price turning higher once again this morning, we are starting to see the potential for a rise back towards 35064. Such a break would be required to end this recent bearish phase and signal a possible move back towards the previous highs of 35633.

DJI-4-hours30921.pngSource: ProRealTime
  • Like 1
Link to comment

FTSE 100, DAX, and Dow tumble into key support

FTSE, DAX, and Dow tumble into key support, with the ability to rebound from this level crucial in holding off another bout of sharp losses.

BG_ftse_100_ukx_indices_098098.jpgSource: Bloomberg
 Joshua Mahony | Senior Market Analyst, London | Publication date: Friday 01 October 2021 

FTSE 100 slumps back down through key support

The FTSE 100 has been on the back foot since yesterday’s peak of 7159, with the index falling back down below 7010 support.

While price initially fell below that level, we are seeing a rebound coming into play. A move back below 7010 could see the selling pressure persist, yet key levels on the other indices do highlight the potential for a bullish rebound as we close out the week.

UKX-4-hours11021.pngSource: ProRealTime

DAX starts to reverse upwards after drop into support

The DAX has been on the back foot over the course of the week, with price falling back into the 15018 support level this morning.

The ability to remain above that level is key here, with a resurgence towards the end of the week looking a distinct possibility given the initial reaction seen this morning.

DAX-4-hours11021.pngSource: ProRealTime

Dow Jones falls back into confluence of support

The Dow has similarly been hit hard of late, with the index falling back into a confluence of trendline and Fibonacci support.

Much like the DAX, there is a chance we see a rebound from this level. Certainly, the ability or inability to hold up at this point is going to be crucial in deciding whether we drop towards the key 33060 low or not.

DJI-4-hours11021.pngSource: ProRealTime
Link to comment

Indices struggle in early trading

After a rebound at the end of last week some of the bullishness has faded across indices.

BG_ftse_100_ukx_indices_098098.jpgSource: Bloomberg
 Chris Beauchamp | Chief Market Analyst, London | Publication date: Monday 04 October 2021 

FTSE 100

Hopes of a recovery appear to have been dashed once again as the price continues to fall back from 7100, last week’s highs. Gains have once again been given back, and even the late rebound on Friday has been surrendered.

Last week saw a bounce at 7000, so buyers will hope the FTSE 100 can recover there once again, otherwise a trip back down to 6900 seems to beckon.

FTSE_041021.pngSource: ProRealTime

DAX

Friday’s bounce was a flash in the pan here too, and the price is now heading lower, down towards 15,000 horizontal support and the 200-day simple moving average (SMA) at 15,050.

If 15,000 is lost then the April/May low at 14,900 comes into view, but the index would then be operating below the 200-day SMA, a notable development for the sellers.

Buyers need to find a way to push the price back above 15,500 to create a more near-term bullish view.

DAX_041021.pngSource: ProRealTime

S&P 500

Friday’s bounce merely created another intraday lower high, putting further pressure on the index. The price needs to push on above 4380 to eliminate this impression and bolster the bullish view.

Renewed declines target Friday’s low at 4270 and then potentially on towards 4240 and then the 200-day SMA at 4155.

SPX_041021.pngSource: ProRealTime
Link to comment

FTSE 100, DAX, and Dow show signs of stabilising after recent losses

FTSE, DAX, and Dow show signs of holding up after declines into key support levels.

BG_ftse_100_ukx_index_indices_stocks_lonSource: Bloomberg
 Joshua Mahony | Senior Market Analyst, London | Publication date: Tuesday 05 October 2021

FTSE 100 turning upwards from key support

The FTSE 100 has started to regain lost ground, with the Monday decline into 7010 support failing to break into a fresh low. Instead we are seeing things stabilise somewhat, with price on the rise.

A push through 7084 would bring a bullish signal that we are going to build on the tentative gains seen thus far. To the downside, a break below 6986 would be required to see prices continue their recent weakness and head down towards the 6900-6950 region.

UKX-4-hours51021.pngSource: ProRealTime

DAX consolidates at support

The DAX has seen little upside since falling into the 14980-15047 support zone. The ability to remain above this zone is key, with a decline through 14980 bringing a heightened potential for sharp declines.

With price continuing to hold up at this level, a rise through 15298 would bring a greater degree of confidence for the bulls. However, a break to the downside could bring a bout of significant losses if we see 14980 taken out.

DAX-4-hours51021.pngSource: ProRealTime

Dow Jones declines slow after Fibonacci reversal

The Dow has been heading lower following a rally into the 76.4% Fibonacci resistance level.

That move brought about a fresh sell signal, although the importance of the support zone engaged on Friday did provide some clues that this latest leg could be difficult. With price slowing down its descent, there are questions over whether we could see this index build a base around these levels.

A rise through the 34491 region would bring about a more confident bullish outlook. Thus the directional bias will be better informed once we break either 34491 (bullish) or 33532 (bearish).

DJI-4-hours51021.pngSource: ProRealTime
Link to comment

FTSE 100, DAX, and Dow reverse lower, with key support levels in view

FTSE, DAX, and Dow head lower, with key support levels coming into play in a bid to arrest the declines.

bg%20ftse%20100%20london%20stock%20exchaSource: Bloomberg
 Joshua Mahony | Senior Market Analyst, London | Publication date: Wednesday 06 October 2021 

FTSE 100 falling back into key support level

The FTSE 100 is on the back foot once again after a welcome upside move seen yesterday, with price falling back after a rally into the 7084 resistance level.

To the downside, keep an eye out for the 6986-6999 support zone to come into play here. A break below that zone would bring about a heightened potential for another bout of sharp losses.

As such, keep an eye out for whether price breaks or turns higher from this support zone to inform market bias going forward.

UKX-4-hours61021.pngSource: ProRealTime

DAX at risk of next leg lower

The DAX is on the back foot once again this morning, with the latest rally falling short of the 76.4% Fibonacci level in a deep retracement yesterday.

The subsequent decline takes us back into the crucial 14980 support level, with a break below that point bringing a fresh four-month low. Such a break would also heighten the likeliness of another strong move lower from here.

As such, keep an eye out for whether we see 14980 broken as a gauge of sentiment in the day ahead.

DAX-4-hours61021.pngSource: ProRealTime

Dow Jones rolling over from Fibonacci resistance

The Dow enjoyed a welcome bout of gains yesterday, with the index rising back into the 100-simple moving average (SMA) and 76.4% Fibonacci resistance.

However, with the trend of lower highs still in play, the negative turn we have seen this morning highlights the ongoing downtrend seen of late.

With that in mind, the bearish trend remains unless price breaks through 34684 resistance.

DJI-4-hours61021.pngSource: ProRealTime
Link to comment

FTSE 100, DAX, and Dow rebound comes into question as they reach resistance

FTSE, DAX, and Dow rebound takes price into a crucial resistance level, with the ability to break upwards key to determining whether we continue this rally or not.

bg_frankfurt_borse_dax.jpgSource: Bloomberg
 Joshua Mahony | Senior Market Analyst, London | Publication date: Thursday 07 October 2021 

FTSE 100 rallies into near-term resistance

The FTSE 100 has rallied into 7086 resistance level overnight, coming off the back of a deep retracement into the 61.8% level. The ability to break up through this 7086 level is crucial in allaying fears of another sharp move lower.

While price has hit that resistance level, there is a chance we could see price turn lower given how price is currently respecting it. As such, near-term price action will be determined by whether we can break up through 7086 or remain below that threshold.

UKX-4-hours71021.pngSource: ProRealTime

DAX rally starts to falter below 15208 resistance

The DAX managed to regain ground over much of yesterday, with morning losses ultimately being bought after a decline into the May low of 14814.

The fact that this rally comes from that support level does bring a greater chance that we push up through resistance and build a more protracted period of upside. However, risks remain with price still below the key swing-high of 15208.

With that in mind, watch for a potential bearish turn here, with a rise up through 15208 required to continue the bullish trajectory seen over the past 24-hours.

DAX-4-hours71021.pngSource: ProRealTime

Dow Jones rallies towards key level after yesterday’s rebound

The Dow enjoyed a welcome bounce yesterday, with the index rising back towards the crucial 34683 resistance level. A break up through there would bring greater confidence that price will start to build a base from here and generate a more protracted upside move.

However, we remain within a trend of lower highs and thus risks remain until we see levels such as 34683 and 35064 taken out.

DJI-4-hours71021.pngSource: ProRealTime
Link to comment

Indices 

BG_ftse_100_ukx_indices_098098.jpg
 Chris Beauchamp | Chief Market Analyst, London | Publication date: Friday 08 October 2021 

FTSE 100

The week is ending with markets off their lows, but while the FTSE 100 has bounced from 7000 it has seen a slackening of upward momentum of late.

Gains have stalled below 7100, and while high stochastics do point towards a resurgent move higher, price action has yet to confirm it with a break above 7100.

FTSE_081021.pngSource: ProRealTime

DAX

After managing to halt its decline at 15,000 the DAX is now edging up again, although a move back above 15,400 is what is needed to provide additional proof that a real move to the upside is underway.

A continued defence of 15,000 stymies any renewed bearish view.

DAX_081021.pngSource: ProRealTime

S&P 500

Debt ceiling talks have provided the catalyst for gains here, lifting the price off the 4300 support zone it inhabited earlier in the week.

Another challenge lies at 4500, where the late September bounce stalled. The bearish view remains in abeyance unless we see a move back below 4300.

SPX_081021.pngSource: ProRealTime
Link to comment

FTSE 100 edges up but DAX and S&P 500 struggle

Indices are struggling as a new week gets underway.

BG_ftse_100_ukx_indices_098098.jpgSource: Bloomberg
 Chris Beauchamp | Chief Market Analyst, London | Publication date: Monday 11 October 2021 

FTSE 100

Last week ended with the FTSE 100 pushing higher, and it is making another attempt to move above and hold 7100 this morning.

Trendline resistance from the August high now comes into play at 7140, and then above this 7200 comes into view.

A reversal at 7140 or lower would signal a lower high and a potential turn lower once again.

FTSE_111021.pngSource: ProRealTime

DAX

There has been only a small bounce here so far, but this index has once again moved up off the 200-day simple moving average (SMA) of 15,087.

As noted on Friday, a continued defence of 15,000 provides hope for the bulls that a bounce can materialise. But this will need a move above 15,280 and then 15,400 to provide the catalyst for a break to the upside.

DAX_111021.pngSource: ProRealTime

S&P 500

Thursday’s peak appears to be the high water mark for now, as the price retreats towards the 100-day SMA at 4367.

Further declines below this level will reinforce the view of a lower high, and bring 4300 into view once again.

Alternately, buyers need to rally the price back above 4410 to restart a move towards 4500 and then higher.

SPX_111021.pngSource: ProRealTime
Link to comment

FTSE 100, DAX, and Dow roll over into key support

FTSE, DAX, and Dow roll over after yesterday’s peak, but will this provide us with a potential buying opportunity or the beginning of another wider selloff?

bg_dax_365338748.jpgSoure: Bloomberg
 Joshua Mahony | Senior Market Analyst, London | Publication date: Tuesday 12 October 2021

FTSE 100 rolling over in early trade

The FTSE 100 has been on the back foot after peaking out late into yesterday’s session. That decline has taken us back into the 7057 swing-low, with price starting to rebound from that level. Ultimately we need to see price break through 7159 to bring greater confidence that price will exit this phase of consolidation/retracement.

A break below that 7057 low signals the beginning of a wider pullback for the index. Until then, today’s key question here is whether this rebound can ultimately bring a rise through 7159 or whether we head back through support.

UKX-4-hours121021.pngSource:ProRealTime

DAX falls into key support zone

The DAX has similarly been on the back foot this morning, with price falling back into the confluence of 15047-15018 support levels.

That zone of support is also accompanied by the 61.8% Fibonacci retracement level around 14988. The ability to respect this support zone is key here, with a break bringing expectation of a move into the recent low of 14813.

To the upside, any move would require a push through 15272-15298 resistance to bring a wider bullish view into play.

DAX-4-hours121021.pngSource:ProRealTime

Dow Jones slumps into deep Fibonacci retracement

The Dow was hit hard at the beginning of this week, with the index tumbling back into the 61.8% Fibonacci support level. Price is holding up from here, with a break below that point bringing a deeper pullback into play.

The recent intraday pattern of higher lows does signal the potential for another bullish turn from here, with a break below 33850 required to negate that bullish trend.

DJI-4-hours121021.pngSource:ProRealTime
Link to comment

Stock markets make headway in morning trading

Indices are edging up, although weakness in the mining sector is limiting gains for the FTSE 100. Video

BG_ftse_100_ukx_indices_098098.jpg

 
 Chris Beauchamp | Chief Market Analyst, London | Publication date: Wednesday 13 October 2021

FTSE 100

The zone around 7130 continues to provide resistance to any upside for the FTSE 100, as the price drops back from this level in early trading. This zone remains a barrier to additional progress towards 7200.

However we have seen higher lows since the end of September, providing continued bullish impetus and bolstering expectations of a move above 7150 in due course.

FTSE_131021.pngSource: ProRealTime

DAX

The index continues to form a base above 15,000, with little upside so far. An initial push higher today could see it challenge recent highs around 15,300.

The index’s ability to hold above the 200-day simple moving average (SMA) of 15,100 remains a comfort for buyers and a frustration for sellers.

DAX_131021.pngSource: ProRealTime

S&P 500

After falling over the previous three days the index has stabilised, but buyers will need to see a bounce above 4400 to provide further evidence that a rebound is in play.

Selling has stalled for now at 4330, but further declines bring 4280 into view.

SPX_131021.pngSource: ProRealTime
Link to comment

FTSE 100, DAX, and Dow regaining ground after recent declines

FTSE, DAX, and Dow look likely to gain ground, with recent declines starting to turn into a more positive picture.

BG_dow_jones_wall_street_213213124.pngSource: Bloomberg
 Joshua Mahony | Senior Market Analyst, London | Publication date: Thursday 14 October 2021

FTSE 100 rallies into 7195 resistance

The FTSE 100 has enjoyed a period of upside, with price rising through 7159 resistance to bring a one-month high.

However, we have now engaged the September peak of 7195, with price pausing as a result. A break up through that point of resistance is key in continuing the recent bullish phase. Until that is broken, there is a chance we could see short-term downside.

In any case, a short-term pullback would represent a retracement and buying opportunity unless price falls back through the 7059 swing-low.

UKX-4-hours141021.pngSource: ProRealTime

DAX breaks through resistance to bring bullish reversal signal

The DAX has managed to break through the 15298 resistance level this morning, bringing about a fresh bullish signal after a period of weakness for the index.

With the stochastic rolling over from overbought territory, there is a chance we see a short-term pullback. However whether we see that retracement or not, another move higher is expected unless price falls below 15008 support.

DAX-4-hours141021.pngSource: ProRealTime

Dow Jones on the rise from Fibonacci support

The Dow has started to turn upwards following a decline into the 76.4% Fibonacci support level at 34117. The subsequent move higher has taken us back into Tuesday’s peak of 34607, which brings a more confident bullish signal if broken.

As such, watch for further upside from here, with a break below 33850 required to bring about a more pessimistic outlook.

DJI-4-hours141021.pngSource: ProRealTime
Link to comment

Indices look for further gains after strong bounce last week

Indices enjoyed a good few sessions last week, putting themselves back on an upward path.

bg%20ftse%20100%20stock%20exchange%20203Source: Bloomberg
 Chris Beauchamp | Chief Market Analyst, London | Publication date: Monday 18 October 2021 

FTSE 100

It was a great week for the FTSE 100, which has moved back to levels last seen in February 2020. We look for additional upside from here, with the caveat of some form of consolidation after the 200 point plus gain of the past two weeks.

The 7220 area has provided resistance over the summer, so may act as a stumbling block in the short-term, but overall further gains towards 7300 and then 7600 seem likely.

FTSE_181021.pngSource: ProRealTime

DAX

The bounce of the past week has carried the index back to the declining 50-day and 100-day simple moving averages (SMAs) of 15,600 and 15,667 respectively.

Sellers will hope a lower high occurs here and a move back to 15,000 results, while buyers will be watching for additional gains that can help push the index on towards 15,680 and trendline resistance from the August peak, and then break above that.

DAX_181021.pngSource: ProRealTime

S&P 500

The price has returned to the 4470 area that marked the limit of gains in September. A move above here targets the September record highs, and potentially higher, given the revived bullish trend.

Sellers will hope for a reversal here, but with seasonality and earnings both providing a positive tailwind, that may be difficult to achieve.

SPX_181021.pngSource: ProRealTime
Link to comment

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • General Statistics

    • Total Topics
      16,271
    • Total Posts
      77,875
    • Total Members
      64,511
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Josho
    Joined 26/10/21 02:32
  • Posts

    • Hi and thanks for your reply. This is not encouraging trading certain currency pairs. I am wary of CHF because of this. Isn't this something that does not encourage trading these pairs? Is there a way around it?  
    • Hi @nplondon, At this point there is no information, It will managed by our Corporate Action Team. As soon as we have more information your will receive an email from that team with the conditions and your options. All the best - Arvin
    • Hi @Sartois, Could you please clarify which stock you are after? Consumer Portfolio Holdings Inc ticker is CPSS CSTR if for Capstar Financial Holdings, Inc.  Thanks for clarifying  - Arvin
×
×
  • Create New...