Equity Indices Summary for Jun 11, 2019


Major World Indices Technical Analysis Market Overview Report for Jun 11, 2019 | by Techniquant Editorial Team

Highlights

NDX rises to highest close since May 16th
NKY pushes through key technical resistance level
DJIA runs into sellers again around 26248.70
HSI closes higher for the 4th day in a row
FTSE pushes through Monday's high
DAX closes higher for the 2nd day in a row
SPX closes within previous day's range

Summary

With five out of the seven Major World Indices closing higher today, the ones that stand out on the positive side are DAX gaining 0.92% and HSI closing 0.76% higher. On the flipside the worst performers have been DJIA closing -0.05% lower and SPX losing -0.03%.

One of today's most interesting market conditions in the Major World Indices showed up in SPX: Among the three market conditions that our pattern recognition engine identified today, the statistics for the OHLC Patterns based market condition "Bearish Outside Bar" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for S&P 500. Out of 128 times, SPX closed higher 67.97% 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 60.16% with an average market move of 0.15%. Read more

Major World Indices Overviews

NDX 7,513.85 11.92 (0.16%) Moving higher for the 6th day in a row, NDX finished Tuesday at 7513.85 edging higher $11.92 (0.16%). Today's close at 7513.85 marks the highest recorded closing price since May 16th. The bears were in full control today, moving the market lower throughout the whole session. Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range. Read more
NKY 21,204.28 69.86 (0.33%) Moving higher for the 3rd day in a row, NKY ended Tuesday at 21204.28 gaining ¥69.86 (0.33%). Closing above Monday's high at 21166.12, the market confirmed its breakout through the previous session high after trading up to ¥61.06 above it intraday. Read more
DJIA 26,048.51 -14.17 (-0.05%) DJIA finished Tuesday at 26048.51 edging lower $14.17 (-0.05%). Closing below Monday's low at 26054.31, the market confirmed its breakout through the previous session low after trading up to $55.44 below it intraday. Read more
HSI 27,789.34 210.70 (0.76%) Moving higher for the 4th day in a row, HSI finished Tuesday at 27789.34 gaining $210.70 (0.76%). Today's close at 27789.34 marks the highest recorded closing price since May 17th. Trading up to $99.15 lower after the open, the market managed to reverse during the session as bulls took control ending the day above its opening price. Read more
FTSE 7,398.50 23.00 (0.31%) Moving higher for the 7th day in a row, FTSE finished Tuesday at 7398.45 gaining £22.95 (0.31%). Today's close at 7398.45 marks the highest recorded closing price since April 30th. Closing above Monday's high at 7380.10, the index confirmed its breakout through the previous session high after trading up to £40.63 above it intraday. Read more
DAX 12,155.81 110.43 (0.92%) Moving higher for the 2nd day in a row, DAX ended Tuesday at 12155.81 gaining €110.43 (0.92%). Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session. Read more
SPX 2,885.72 -1.01 (-0.03%) SPX finished Tuesday at 2885.72 edging lower $1.01 (-0.03%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more

Detailed Reports

Daily technical analysis candlestick chart for FTSE 100 Index (FTSE) as at Nov 20, 2019
Nov 20, 2019
Daily technical analysis candlestick chart for Nikkei 225 Index (NKY) as at Nov 20, 2019
Nov 20, 2019
Daily technical analysis candlestick chart for DAX Performance-Index (DAX) as at Nov 20, 2019
Nov 20, 2019
Daily technical analysis candlestick chart for Hong Kong Hang Seng Index (HSI) as at Nov 20, 2019
Nov 20, 2019
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