capitalstreetfx06
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Daily Index Analysis – Tech rules Nasdaq, S&P records, FTSE challenges, DAX shines.
Introduction:
In the global indices market, Asian markets show gains, tracking a Wall Street rally. European stocks rise, led by chipmakers, and positive earnings contribute to the upbeat sentiment. Meanwhile, Wall Street ends positively, supported by strong economic data, but rising Treasury yields may affect expectations of a gradual economic slowdown. Market movements hinge on data and central bank decisions, shaping the landscape for investors worldwide.Market In Focus For Today – Nasdaq 100
The Nasdaq 100 achieves a new record high in a rebound fuelled by the technology sector.TECHNICAL OVERVIEW:
Moving Averages:
Exponential:
- MA 5: 17096.98 | Positive Crossover | Bullish
- MA 20: 16961.84 | Positive Crossover | Bullish
- MA 50: 16840.81 | Positive Crossover | Bullish
Simple:
- MA 5: 17066.07 | Positive Crossover | Bullish
- MA 20: 16961.22| Positive Crossover | Bullish
- MA 50: 16840.34 | Positive Crossover | Bullish
Stochastic Oscillator: 100| Buy Zone | Positive
Resistance And Support Levels:
- R1: 17224.28 | R2:17587.17
- S1: 16989.46| S2: 16434.45