Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
You can access both of our platforms from a single Saxo account.
Technical Update - S&P 500 and Nasdaq 100 correction over. 3-5% downside potential
Kim Cramer Larsson
Technical Analyst, Saxo Bank
- US equities are resuming bearish trend supported by technical indicators
- S&P 500 key support at 4,953. Could sell-off down to 4,845-4,800
Nasdaq 100 rejected at key resistance level. Could sell-off down to around 16,549-16,276
US500 and USNAS100 CFD levels in the text below
S&P 500 was rejected at the 55 daily Moving Average and seems likely to resume its downtrend.
The strength indicator, RSI, is still showing negative sentiment, and a close back below the 40 threshold will further confirm this.
Key strong support is around 4,953. A daily close below this level is likely to lead to a sell-off down to the 4,845-4,800 area.
For S&P 500 to establish a bullish trend, a daily close above 5,146 is required.
US500 CFD levels were rejected at the 55 DMA and are likely to sell off down to key support around 4,919.
A break below could result in further selling down to between 4,841 and 4,973.
To reverse this bearish picture, a daily close above 5,143 is required
A break below could result in further selling down to between 4,841 and 4,973.
To reverse this bearish picture, a daily close above 5,143 is required
Nasdaq 100 was rejected at the resistance around 17,808 and closed Tuesday below both the Cloud and the 100 daily Moving Average.
The strength indicator, RSI, is still showing negative sentiment, and a close back below the 40 threshold will further confirm Nasdaq’s bearish trend.
This bearish trend could take the index down to strong support around 16,963.
A daily close below this level is likely to lead to an increased sell-off down to around 16,276.
To demolish this bearish scenario, a close above 17,808 is a minimum requirement. To establish a bullish trend, a close back above the Cloud (shaded area) is needed.
USNAS100 CFD was rejected at 17,780 and is now back below the Cloud.
The RSI is showing negative sentiment, supporting the bearish view that can take USNAS 100 down to around 16,549 support.
A daily close above 17,780 will place USNAS100 in a neutral position.
For a bullish trend, a close above 18,000 and back above the Cloud is required.
The RSI is showing negative sentiment, supporting the bearish view that can take USNAS 100 down to around 16,549 support.
A daily close above 17,780 will place USNAS100 in a neutral position.
For a bullish trend, a close above 18,000 and back above the Cloud is required.
Latest Market Insights
Quarterly Outlook
-
-
Quarterly Outlook
Equity Outlook: Will lower rates lift all boats in equities?
Peter Garnry
Chief Investment Strategist
After a period of historically high equity index concentration driven by the 'Magnificent Seven' sto... -
Quarterly Outlook
FX Outlook: USD in limbo amid political and policy jitters
Charu Chanana
Chief Investment Strategist
As we enter the final quarter of 2024, currency markets are set for heightened turbulence due to US ... -
Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
The Fed started the US rate cut cycle in Q3 and in this macro outlook we will explore how the rate c... -
Quarterly Outlook
Commodity Outlook: Gold and silver continue to shine bright
Ole Hansen
Head of Commodity Strategy
-
Quarterly Outlook
FX: Risk-on currencies to surge against havens
Charu Chanana
Chief Investment Strategist
Explore the outlook for USD, AUD, NZD, and EM carry trades as risk-on currencies are set to outperfo... -
Quarterly Outlook
Equities: Are we blowing bubbles again
Peter Garnry
Chief Investment Strategist
Explore key trends and opportunities in European equities and electrification theme as market dynami... -
Quarterly Outlook
Macro: Sandcastle economics
Peter Garnry
Chief Investment Strategist
Explore the "two-lane economy," European equities, energy commodities, and the impact of US fiscal p... -
Quarterly Outlook
Bonds: What to do until inflation stabilises
Althea Spinozzi
Head of Fixed Income Strategy
Discover strategies for managing bonds as US and European yields remain rangebound due to uncertain ... -
Quarterly Outlook
Commodities: Energy and grains in focus as metals pause
Ole Hansen
Head of Commodity Strategy
Energy and grains to shine as metals pause. Discover key trends and market drivers for commodities i...