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The NASDAQ 100 has initially pulled back on Monday but has seen enough buying pressure to turn things around and show signs of life.
The S&P 500 went back and forth on Monday to show signs of hesitancy, but perhaps more importantly, it showed signs of support at the previous downtrend line of the bullish flag.
The FTSE 100 initially gapped higher to kick off the trading session on Friday, but then turned around immediately to crash into the lower part of the previous candlestick, forming what is known as a “piercing pattern.”
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The CAC 40 Index rallied a bit on Friday, breaking above the tight consolidation range that we have been in all week.
The NASDAQ 100 rallied significantly on Friday and closed towards the top of the range as it shows a proclivity to continue going higher.
The S&P 500 rallied a bit on Friday, breaking above the highs of the previous session.
The NASDAQ 100 has bounced ever so slightly during the trading session on Thursday as the 16,000 level looks to be somewhat supportive.
The S&P 500 went back and forth during the trading session on Thursday, as we have stabilized near the 4650 handle.
The FTSE 100 has rallied significantly on Thursday, as the GDP numbers in the United Kingdom have come out lighter than anticipated.
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The DAX Index rallied a bit on Wednesday but gave back gains yet again as we have multiple days in a row.
The IBEX index initially rallied on Wednesday but has run into a bit of a headwind via the overall risk appetite globally.
The NASDAQ 100 sold off quite drastically on Wednesday as we pierced the 16,000 level.
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Sign up to get the latest market updates and free signals directly to your inbox.The S&P 500 got crushed after the worst 30-year bond auction in history took the headlines in the United States.
The CAC 40 Index went back and forth on Tuesday to show a little bit of hesitation at these extreme highs.
The S&P 500 pulled back just a bit on Tuesday as we may have gotten a bit over-extended finally.