Correction expected for S&P
US stock market sentiment shows a high degree of bullish optimism, indicating a significant probability of a price pull-back for the short-term, according to Robert Colby at Robert W. Colby Asset Management.
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Major reversal for USDJPY
Several signs suggest that USDJPY is in the midst of a significant change of trend and will head back towards the 112.40 Spring high, according to David Sneddon and his team at Credit Suisse in London.
US rates to test August low
Tony Sycamore, Director of TECHFX TRADERS, says the US 10-year yield is in the middle of a corrective rally and will shortly resume its downtrend.
Update (17 Nov): Corrective rally appears to be complete.
Update (17 Nov): Corrective rally appears to be complete.
Copper: bull signal pending
LME Copper is close to confirming a medium-term bullish signal, according to James Dima, technical analyst at Marex Spectron.
4th quarter boost for S&P?
Frank Cappelleri, Chief Market Technician at Instinet, examines S&P seasonality and asks whether the market is likely to rally in November and December.
Topping risk for FTSE 250
Ominous signs are gathering for the FTSE 250, says Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.
Sell-off resumes for USD
The US Dollar Index has been capped at its 200-day moving average and the risk is that it now turns back lower for a resumption of the sell-off, according to David Sneddon and his team at Credit Suisse in London.
Egypt’s line in the sand
All eyes are on the 12k line of Egypt’s EGX30, according to Ron William, director at RW Advisory.
Bitcoin at crossroads
Bitcoin has moved back above both its trend channel resistance and 200-day moving average – a positive bullish development according to Tony Sycamore at TECHFX TRADERS.
Uptrend intact for MSCI World
The MSCI World Index has left a series of higher lows on each of its recent pullbacks, which Andy Dodd, Head of Technical Research at Louis Capital Markets, says indicates the uptrend is still intact.