Equity Indices Summary for Sep 10, 2019


Major World Indices Technical Analysis Market Overview Report for Sep 10, 2019 | by Techniquant Editorial Team

Highlights

DJIA pushes through key technical resistance level
DAX closes higher for the 5th day in a row
FTSE closes within previous day's range after lackluster session
SPX stuck within tight trading range
NDX closes above its opening price after recovering from early selling pressure
HSI finds buyers again around 26634.47
NKY ends the day indecisive

Summary

With six out of the seven Major World Indices closing higher today, the ones that stand out on the positive side are FTSE gaining 0.45% and DAX closing 0.35% higher. On the flipside the worst performer has been NDX closing -0.23% lower.

One of today's most interesting market conditions in the Major World Indices showed up in NDX: Among the six market conditions that our pattern recognition engine identified today, the statistics for the Price Action based market condition "3 Consecutive Lower Closes" stand out. While it is usually interpreted as bearish, it has actually shown to be bullish for Nasdaq 100. Out of 126 times, NDX closed higher 60.32% 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 65.08% with an average market move of 1.28%. Read more

Major World Indices Overviews

DJIA 26,909.43 73.92 (0.28%) Moving higher for the 5th day in a row, DJIA ended Tuesday at 26909.43 gaining $73.92 (0.28%). Today's close at 26909.43 marks the highest recorded closing price since July 30th. Trading up to $88.78 lower after the open, the Dow managed to reverse during the session as bulls took control ending the day above its opening price. Closing above Monday's high at 26900.83, the market confirmed its breakout through the previous session high after trading up to $8.60 above it intraday. Read more
DAX 12,268.71 42.61 (0.35%) Moving higher for the 5th day in a row, DAX ended Tuesday at 12268.71 gaining €42.61 (0.35%). Today's close at 12268.71 marks the highest recorded closing price since July 29th. Closing above Monday's high at 12245.11, the stock index confirmed its breakout through the prior session high after trading up to €47.03 above it intraday. Read more
FTSE 7,268.00 32.20 (0.45%) FTSE ended Tuesday at 7267.95 gaining £32.15 (0.44%). Trading up to £36.41 lower after the open, FTSE 100 managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Read more
SPX 2,979.39 0.96 (0.03%) SPX finished Tuesday at 2979.39 edging higher $0.96 (0.03%). Today's close at 2979.39 marks the highest recorded closing price since July 31st. Trading up to $14.00 lower after the open, S&P 500 managed to reverse during the session as bulls took control ending the day above its opening price. The last time this happened on August 26th, SPX actually lost -0.32% on the following trading day. Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range. Read more
NDX 7,814.74 -17.66 (-0.23%) Moving lower for the 3rd day in a row, NDX finished Tuesday at 7814.74 losing $17.66 (-0.23%). Trading up to $49.66 lower after the open, Nasdaq 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
HSI 26,683.68 2.28 (0.01%) HSI finished Tuesday at 26683.68 gaining $2.28 (0.01%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session. Read more
NKY 21,392.10 73.68 (0.35%) Moving higher for the 6th day in a row, NKY finished Tuesday at 21392.10 gaining ¥73.68 (0.35%). Today's close at 21392.10 marks the highest recorded closing price since August 1st. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session. Read more

Detailed Reports

Daily technical analysis candlestick chart for Nasdaq 100 Index (NDX) as at Sep 17, 2019
Sep 17, 2019
Daily technical analysis candlestick chart for Nikkei 225 Index (NKY) as at Sep 17, 2019
Sep 17, 2019
Daily technical analysis candlestick chart for FTSE 100 Index (FTSE) as at Sep 17, 2019
Sep 17, 2019
Daily technical analysis candlestick chart for DAX Performance-Index (DAX) as at Sep 17, 2019
Sep 17, 2019
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