Market Updates
Wall Street finished the day down on Friday, pulled down by drops in Amazon, Apple, Nvidia, and other technology heavyweights, as investors concerned about an increase in coronavirus cases linked to the highly contagious Delta variety.
The drop in Treasury yields was also digested by investors. Some investors interpreted the trend as a hint that the economic recovery is weakening as governments reintroduce restrictive measures in response to COVID-19 outbreaks involving the Delta variety, while others argued that the bond rally is slowing. President Joe Biden said on Saturday that social media platforms are “killing people” by permitting coronavirus vaccination misinformation on their platforms, but Facebook claimed that vaccine acceptance among its users has actually increased in the United States. Market Opinions
On Monday morning, Asia Pacific markets were down, hitting a one-week low, as investors remained concerned about the impact of mounting COVID-19 cases, as well as inflationary pressures, on the global economic recovery. The Hang Seng index dropped 493 points, while the Nikkei 225 index dropped 348 points. Oil prices fell more than 1% following an agreement by the OPEC+ group of producers over the weekend to increase output at a time when demand remains uncertain. The Dow Jones Industrial Average is a stock market index that measures (CFD Symbol: US30) Observe the following trends: Recommendation: if you’re looking for a unique way to express yourself, @ 34,600, long 34,523 people have viewed this page in the last 30 days. 35,080 is the target price. 34,350 as a protective stop
Outlook
Last Friday, the price reached its previous high, but it closed with a bearish candlestick. Price may create a potential Double Top chart pattern, which could indicate that a correction is on the way. At 34,610, price has broken through the 20EMA support. The stochastic is presently decreasing from the overbought area. Although the MACD has turned bullish, it has just completed a bearish crossover.
Trading Concept
With a stop below 34,350, buy 34,600 for 35,080. On the 16th of July, the entry order was filled.
The Hang Seng Index (HSI) is a stock market index (CFD Symbol: HK50) Last : 27,517 Trend : Recommendation Outlook: Protective stop: Target price The dropping 20EMA, which is functioning as the initial layer of resistance, interrupted this index’s attempt to go higher. A price adjustment is expected to occur once more. Keep an eye on whether price can make a higher low to form the base low. Although the stochastic is now climbing, the MACD has turned bearish.
Trading Concept Wait for a better trading opportunity.
The Nasdaq 100 Index is a stock market index that measures how well a (CFD Symbol: USTEC)
Last : 14,651 Trend : Recommendation
Protective stop: Target price: Outlook
On July 14, the price reached a high of 15,003, forming a probable Tweezer top pattern. The price of this index is projected to drop towards the 20EMA support level of 14,600. A breach of the 20EMA would indicate a more significant correction. The stochastic is presently decreasing from the overbought area. The MACD is still positive, but it has crossed over to the negative side.
Trading Concept
Wait for a better trading opportunity.
Long @ 4325 S&P 500 Index (CFD Symbol: US500)Trend:Recommendation:
4312 is the last number.
4390 is the target price.
4285 is a protective stop.
Outlook
After reaching a peak on July 13, the price has begun retracing. Now that it has breached the 20EMA support at 4319, we may expect price to test the top boundary of the Triangle chart pattern. Stochastic is now decreasing. Although the MACD remains bullish, it has issued a divergence warning.
Buy 4325 for 4390 with a stop below 4285 as a trading idea. On the 16th of July, the entry order was filled.
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