Equity Indices Summary for Jul 17, 2019


Major World Indices Technical Analysis Market Overview Report for Jul 17, 2019 | by Techniquant Editorial Team

Highlights

HSI closes above its opening price after recovering from early selling pressure
FTSE dominated by bears dragging the market lower throughout the day
DAX dominated by bears dragging the market lower throughout the day
SPX breaks below key technical support level
NKY finds support at 100-day moving average
NDX closes lower for the 2nd day in a row
DJIA breaks below Tuesday's low

Summary

With seven out of the seven Major World Indices closing lower today, the ones that stand out on the negative side are DAX losing -0.72% and SPX closing -0.65% lower. None of the markets managed to end the day in the green.

One of today's most interesting market conditions in the Major World Indices showed up in NDX: Among the seven market conditions that our pattern recognition engine identified today, the statistics for the Price Action based market condition "Close near low of period" stand out. Though it is usually interpreted as bearish, it has actually shown to be bullish for Nasdaq 100. Out of 431 times, NDX closed higher 58.70% 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 65.20% with an average market move of 1.11%. Read more

Major World Indices Overviews

HSI 28,593.17 -26.45 (-0.09%) HSI finished Wednesday at 28593.17 losing $26.45 (-0.09%). Trading up to $86.43 lower after the open, the market managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
FTSE 7,535.50 -41.70 (-0.55%) FTSE ended Wednesday at 7535.46 losing £41.74 (-0.55%). The bears were in full control today, moving the market lower throughout the whole session. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
DAX 12,341.03 -89.94 (-0.72%) DAX finished Wednesday at 12341.03 losing €89.94 (-0.72%). 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
SPX 2,984.42 -19.62 (-0.65%) Moving lower for the 2nd day in a row, SPX ended Wednesday at 2984.42 losing $19.62 (-0.65%). The bears were in full control today, moving the market lower throughout the whole session. Closing below Tuesday's low at 3001.15, S&P 500 confirmed its breakout through the prior session low after trading up to $16.90 below it intraday. Read more
NKY 21,469.18 -66.07 (-0.31%) Moving lower for the 2nd day in a row, NKY finished Wednesday at 21469.18 losing ¥66.07 (-0.31%). Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session. Read more
NDX 7,888.76 -38.32 (-0.48%) Moving lower for the 2nd day in a row, NDX ended Wednesday at 7888.76 losing $38.32 (-0.48%). The bears were in full control today, moving the market lower throughout the whole session. Closing below Tuesday's low at 7904.95, the index confirmed its breakout through the prior session low after trading up to $16.97 below it intraday. Read more
DJIA 27,219.85 -115.78 (-0.42%) Moving lower for the 2nd day in a row, DJIA finished Wednesday at 27219.85 losing $115.78 (-0.42%). The bears were in full control today, moving the market lower throughout the whole session. Closing below Tuesday's low at 27290.24, the market confirmed its breakout through the previous session low after trading up to $71.86 below it intraday. Read more

Detailed Reports

Daily technical analysis candlestick chart for Nikkei 225 Index (NKY) as at Feb 27, 2020
Feb 27, 2020
Daily technical analysis candlestick chart for S&P 500 Index (SPX) as at Feb 26, 2020
Feb 26, 2020
Daily technical analysis candlestick chart for DAX Performance-Index (DAX) as at Feb 26, 2020
Feb 26, 2020
Daily technical analysis candlestick chart for Dow Jones Industrial Average Index (DJIA) as at Feb 26, 2020
Feb 26, 2020
Trending Assets
Top Movers