In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we focus on Global Indices and the Technicals.
The day after Thanksgiving is never going to be the most volatile day in the markets. So, be mindful that we may see prices continue to meander going into the weekend. Saying that, we are taking a strong technical look at the Global Equities, namely the S&P 500, Dow Jones, Nasdaq, FTSE and the EU50.
In all 5 markets, we are seeing prices push lower, each approaching a similar structural low. Meaning, if we get a confirmed break below these prices, we are likely to get a strong momentum move to the downside. This would potentially be a game changer for these markets.
These prices are as follows:
- S&P 500 level is at 2600.
- Nasdaq level is at 6428.
- Dow Jones level is at 24,000.
- FTSE level is at6848.
- EU50 level is at 3087.
All of these prices are worth keeping a strong eye on over the coming days.
Global Indices and the Technicals – Full Video Analysis
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