21/07/2020
*** Daily Indices Update - Tuesday, 21st July 2020 ***
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*** IMPORTANT: A strong Monday with the bulls completely recovering lost ground from last week. The SPX is now trading above the high of 2019, a significant break of resistance. ***
The S&P 500 - A 5% move to the upside in July so far. Monday's bar broke and closed above key resistance in the form of the high of June and the high of 2019. A strong sign of a bull trend continuation.
The Nasdaq 100 - A 7% move to the upside in July with a 3% move to the upside on Monday. A break and close above the high of July needed to confirm a trend continuation.
The Dow 30 - An almost 6% move to the upside in July but lagging behind. A break and close above June high needed.
S&P 500 Mini - Trading above the high of June and the high of 2019. Now targetting the current ATH of February.
The FTSE 100 - Still in consolidation but July is looking bullish with a just under 5% move to the upside.
It is the end of day candlestick that gives us the most information so patience, for now, to see how the day ends.
Watch the recording for a detailed analysis.
https://www.facebook.com/sublimetradingcommunity/videos/3201321089922513/
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