Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
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Some of the data collected by this provider is for the purposes of personalization and measuring advertising effectiveness.
Some of the data collected by this provider is for the purposes of personalization and measuring advertising effectiveness.
Some of the data collected by this provider is for the purposes of personalization and measuring advertising effectiveness.
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Technical Analyst, Saxo Bank
US500 cfd is being hit by massive selling and is currently testing support at around 5,115.. A sell-off down to the 200 daily moving average currently just above 5,000 is not unlikely. If that scenario plays out there could be further selling down to support at around 4,925
The strength indicator RSI is below 40 threshold showing negative sentiment indicating likely lower levels
If US500 can close above 5,115 there could be rebound potential to around 5,300
S&P 500 closed Friday below key support at around 5,375 testing the 5,314 support.
The strength indicator RSI closed below 40 threshold thus showing negative sentiment with likely lower levels to follow.
The morning the futures are pointing to an open around 5,100, taking out several support levels.
If S&P 500 closes below 5,100 there is no strong support until around 4,953
The USNAS100 cfd is trading 6% lower indicating the Index to open around 17,350 (at the time of writing).
That means it is below the 200 daily moving average and could sell-off down to around 16,965
Nasdaq 100 closed just above support at 18,333 but below the Cloud. The RSI closed back below 40 i.e., showing negative sentiment with likely lower levels to follow.
Next strong support at around 16,963