Andy Dodd, Head of Technical Research at Louis Capital Markets picks out a selection of charts that suggest the corrections of recent days may soon be over.
EURUSD is testing channel resistance and likely to attract sellers, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS, though he advises against chasing the market.
Ron William, director at RW Advisory, gives his view on the equity markets and says the key thing is to remain calm during the storm and focus on risk and money management. He asks whether it really is possible to catch the low.
Frank Cappelleri, Chief Market Technician at Instinet, highlights the major downside targets for the S&P 500.
USDCHF is likely to be a key barometer for the US dollar, according to David Sneddon and his team at Credit Suisse in London.