Last week all the major indices created inverted hammer candles like this on the S&P 500: If you look at Nasdaq, DAX, Russell you will see similar setups. So, IF those were the bearish reversal candles and after this week’s bounce back into resistance range, then we should be looking for bearish setups. The SPX …
S&P at potential resistance after last week’s inverted hammer Read More »
Thanks to the actions of governments and central banks in response to coronavirus outbreak, investors have been piling into equities over the past several weeks despite the global economy being in a standstill. The rebound has been remarkable. The big question is what’s going to happen next: a continuation higher (to a new all-time high?) …
[Video] S&P 500 arrives at KEY technical area after strong recovery Read More »
The Federal Reserve threw the kitchen sink at the problem caused by the coronavirus outbreak today and although the markets initially welcomed the news, the gains have since evaporated. The market’s reaction should not come as a surprise given that we have seen similar responses to other stimulus packages announced by central banks and governments …
Stocks shrugs off Fed’s unlimited Treasury buying pledge Read More »
Here is a short trade idea on the S&P CFD – i think the markets may sell off into the close ahead of the weekend given the risk of the virus spreading further: Fore more trade signals like this, check out my trade signals service HERE.
Following another day of sharp falls for European markets, index futures point to another weaker open on Wall Street. This will be the sixth down day, and will be interesting to see whether the shorts will continue to press on, or if there will be some tactical buying here and there. In any case, trading …
Markets continue to struggle as we enter day six of sell-off Read More »
Earlier we reported that the markets fell sharply amid growing concerns over the spread of the virus hurting economic growth. At one stage the Dow was down in excess of 1000 points! But as I write this, the markets are coming off their worst levels. Have we hit a low, or is this a temporary …
S&P tests key level after a big drop on coronavirus concerns Read More »
