Equity Indices Summary for Jan 10, 2019
Major World Indices Technical Analysis Market Overview Report for Jan 10, 2019 | by Techniquant Editorial Team
With six out of the seven Major World Indices closing higher today, the ones that stand out on the positive side are FTSE gaining 0.53% and DJIA closing 0.51% higher. On the flipside the worst performer has been NKY closing -1.29% lower.
One of today's most interesting market conditions in the Major World Indices showed up in FTSE: Among the nine market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "Low close to previous low" stand out. Its common bullish interpretation has been confirmed for FTSE 100. Out of 502 times, FTSE closed higher 53.98% of the time on the next trading day after the market condition occurred. The optimal exit for swing trading this condition on the long side has been after 10 trading days, showing a win rate of 56.97% with an average market move of 0.27%. Read more