UK100 Live Trade
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Featured Image by 3D Animation Production Company from Pixabay
The German Index started the first week of the year on the offensive and extended its highs today, but seems to face some headwinds
An amazing year for SPX500 draws to a close, with one more trading day remaining for Wall Street
The last week of the year has started with gains, as the index runs its fourth straight profitable day, setting fresh month highs
Daily Charts As we head into the last week of the year, the US large-cap indexes have momentum as a tailwind. Below are the daily charts of the US30 (left), SPX500 (middle), and the NAS100 (right). All three are bullish and in their respective areas of strength, between the upper blue and red bands. Moreover, their stochastics are all above 80, denoting strong upwards momentum. The "Santa Rally" seems well…
The FTSE 100 (UK100) weekly chart is setting up potential bullish momentum. To measure this, we include a triple EMA system and the stochastic indicator. Moving averages are trend-following indicators and if the FTSE 100 is setting to trend, the EMAs will be good indicators to watch. The quick green EMA is looking to cross above the intermediate orange EMA (aqua ellipse). If it does, the EMAs will be in…
Weekly After the panic-driven selldown for the week ending 19 November, the DAX (GER30) has used the support level around 15,000 (blue shaded horizontal) to regroup. The index has charted a reference trough (T) and a reference (P) and we are assessing if a higher trough (HT?) charts. This will depend largely on next week's price action i.e., a higher low and a close above this week's high will confirm…
Daily Further to our previous article, the below shows the daily charts for the US30 (left), SPX500 (middle) and the NAS100 (right). All three indexes had a strong day yesterday with long blue candles. Of significance, the NAS100 has now pushed out of its area of weakness, between the lower blue and lower red bands, into the neutral area, between the blue bands. If the indexes can push further upwards…
Daily The daily charts below show the US30 (left), SPX500 (middle) and NAS100 (right). Today's candles, ahead of market open, are blue, indicating current prices are above respective opens for the session. The NAS100 continues to show relative weakness and is still in its area of weakness, between the lower blue and lower red bands. The SPX500 is attempting to move from its area of weakness into the neutral area,…
Stocks were sold down on Friday and have started this week under pressure. Below are the daily charts of the US30, SPX500, and NAS100. Of the three the NAS100 is the weakest, trading firmly in its weak area between the lower blue and lower red bands. The sell-off during the Asian session has also driven the SPX500 into its area of weakness. The US30, whilst weak, has not definitively moved…
Main US Indices closed with gains on Wednesday, despite the Fed hawkish pivot and the projection of three rate increases in 2022
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