The medium-term risk-reward is still to the upside for the Nasdaq Future while the uptrend is intact, however short-term signals suggest a correction may be near, according to Andy Dodd at Louis Capital Markets.
The Nikkei is at a key level below which it would complete a large double top and suggest a more damaging selloff for the Nikkei and global equities more broadly, says David Sneddon and his team at Credit Suisse. Updated 5 February 2020.
The S&P 500 is ready to begin a period of strong outperformance relative to emerging market equities, according to Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight. Chart updated 6 February 2020.
The FTSE 100 is in neutral but may be close to continuing its upward trend, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
Robert Colby, Chief Investment Strategist at Robert W. Colby Asset Management, sets out the technical environment for US equities at the beginning of 2020.
The Shanghai Composite is on the cusp of forming a base, according to David Sneddon and his team at Credit Suisse, and a recovering China will be the catalyst for a phase of emerging market outperformance.
The result of the UK election has acted as a catalyst for a further sharp improvement in UK assets, according to David Sneddon and his team at Credit Suisse in London.
The S&P 500 has broken below its 20-day moving average and will likely test the 200-day moving average next, according to James Dima, technical analyst at Marex Spectron.
A Double Top is in play for Bouygues (EN FP), the French construction, telecoms and media group, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
The S&P 500 ended last week at its highest close at 3,120.46, but Frank Cappelleri, Chief Market Technician at Instinet, thinks we should be on the lookout for a significant downturn.