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The NASDAQ 100 faces resistance at 21,000 but shows potential for a breakout in December, fueled by seasonal trends and buying opportunities on pullbacks.
The FTSE 100 pulled back just a bit during the early session on Tuesday, losing about half a percent.
In my daily analysis of the S&P 500 the first thing I notice is that we gapped higher to kick off the week.
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During my daily analysis of the Dow Jones 30, the first thing I noticed is that although we did pull back.
The NASDAQ 100 has gone back and forth in the early part of the Friday session as we continue to see a little bit of trouble near the 20,800 level.
The S&P 500 initially pulled back a bit during the course of the trading session on Thursday, but it looks like the 5,875 level is going to continue to offer support.
During my daily analysis of NASDAQ 100 trading, the first thing that I would point out is that the volatility continues to be a major issue.
The German index initially did try to rally during the trading session on Wednesday, but by breaking above the 50 day EMA, it ran into a lot of resistance.
The S&P 500 initially did try to rally during the trading session on Wednesday but has turned around to fall towards the 5,880 level again.
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During the trading session on Tuesday, we saw the Parisian CAC 40 fall rather drastically to reach the €7150 level.
During my daily analysis of US indices, the S&P 500 has shown itself to be bullish, as buying the middle of the New York session, the market has reached the 5900 level.
The Dow Jones Industrial Average fell a bit during the course of the trading session on Friday as it looks like we are trying to get down to the 43,350 level.
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The ASX200 has rallied pretty significantly during the trading session on Thursday as it looks like the 8200 Australian dollars level will continue to be important and recognized as potential support.
The Dow Jones Industrial Average has been all over the place during the trading session, initially falling pretty significantly, then rallying, then falling again as we continue to undulate near the 44,000 level.
In my daily analysis of European indices, the CAC 40 stands out as particularly interesting. Currently, it is testing a major support level around the €7300 mark—an area that has held significance multiple times in the past.