Equity Indices Summary for May 15, 2019


Major World Indices Technical Analysis Market Overview Report for May 15, 2019 | by Techniquant Editorial Team

Highlights

SPX finds buyers again around 2815.08
DAX ends the day on a bullish note closing near the high of the day
NDX misses to close above 50-day moving average
DJIA stuck within tight trading range
FTSE dominated by bulls lifting the market higher throughout the day
NKY closes above its opening price after recovering from early selling pressure
HSI breaks back above 100-day moving average

Summary

With seven out of the seven Major World Indices closing higher today, the ones that stand out on the positive side are NDX gaining 1.37% and DAX closing 0.9% higher. None of the markets ended the day in the red.

One of today's most interesting market conditions in the Major World Indices showed up in DJIA: Among the seven market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "High close to previous High" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for Dow Indu.. Out of 598 times, DJIA closed higher 55.69% 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 63.88% with an average market move of 0.46%. Read more

Major World Indices Overviews

SPX 2,850.96 16.55 (0.58%) Moving higher for the 2nd day in a row, SPX ended Wednesday at 2850.96 gaining $16.55 (0.58%). The bulls were in full control today, moving the market higher throughout the whole session. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Read more
DAX 12,099.57 107.95 (0.90%) Moving higher for the 2nd day in a row, DAX ended Wednesday at 12099.57 gaining €107.95 (0.9%). Trading up to €156.24 lower after the open, the market managed to reverse during the session as bulls took control ending the day above its opening price. Ending with a strong close near the high of the day sets a bullish note for the next session. Read more
NDX 7,503.25 101.37 (1.37%) Moving higher for the 2nd day in a row, NDX ended Wednesday at 7503.25 gaining $101.37 (1.37%). The bulls were in full control today, moving the market higher throughout the whole session. Closing above Tuesday's high at 7449.03, the market confirmed its breakout through the prior session high after trading up to $75.19 above it intraday. Read more
DJIA 25,648.02 115.97 (0.45%) Moving higher for the 2nd day in a row, DJIA finished Wednesday at 25648.02 gaining $115.97 (0.45%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
FTSE 7,297.00 55.40 (0.77%) Moving higher for the 2nd day in a row, FTSE ended Wednesday at 7296.95 gaining £55.35 (0.76%). The bulls were in full control today, moving the market higher throughout the whole session. Ending with a strong close near the high of the day sets a bullish note for the next session. Read more
NKY 21,188.56 121.33 (0.58%) NKY ended Wednesday at 21188.56 gaining ¥121.33 (0.58%). Trading up to ¥144.77 lower after the open, the stock index managed to reverse during the session as bulls took control ending the day above its opening price. Ending with a strong close near the high of the day sets a bullish note for the next session. Read more
HSI 28,268.71 146.69 (0.52%) HSI ended Wednesday at 28268.71 gaining $146.69 (0.52%). Closing above Tuesday's high at 28205.96, the index confirmed its breakout through the prior session high after trading up to $235.53 above it intraday. Read more

Detailed Reports

Daily technical analysis candlestick chart for Nikkei 225 Index (NKY) as at May 22, 2019
May 22, 2019
Daily technical analysis candlestick chart for Hong Kong Hang Seng Index (HSI) as at May 21, 2019
May 21, 2019
Daily technical analysis candlestick chart for FTSE 100 Index (FTSE) as at May 21, 2019
May 21, 2019
Daily technical analysis candlestick chart for Dow Jones Industrial Average Index (DJIA) as at May 21, 2019
May 21, 2019
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