News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bullish
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here: https://t.co/rfwUWJfbz9 https://t.co/CrpXuYgfRO
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here: https://t.co/ZNs4Qi8ieG https://t.co/VzEbQn8blk
  • Brush up your knowledge on trade-wars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here: https://t.co/bZEFtp8kFe https://t.co/ETF52Q2sLz
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out https://t.co/c51s3IBcEu https://t.co/AXZxK8Abrh
  • Global stock markets may see turbulent volatility if darkening clouds over Washington’s relations with Beijing turn into a geopolitical storm. Which assets will be the lifeboat? Find out here:https://t.co/RkFI6qAyik https://t.co/9Ppa4d48Ql
  • The Dow Jones and S&P 500 outlook appears bleak in the near term as retail traders increase their upside exposure. At the same time, these indices confirmed bearish technical warning signs. Get your market update from @ddubrovskyFX here:https://t.co/fKCHELbOxo https://t.co/e0liqVDzw6
  • The Japanese Yen may fall against its major peers, but there is room for a near-term climb that wouldn’t necessarily overturn a bearish technical bias. USD/JPY is eyeing support. Get your market update from @ddubrovskyFX here:https://t.co/AEnQCXnwAL https://t.co/tuq7DDF3jE
  • Protests in Colombia may continue to pressure the Peso, but surging commodity prices and a weaker Greenback could curb USD/COP gains. Get your market update here:https://t.co/vcVH75xuKI https://t.co/kEvbsagB4a
  • Money never sleeps.... https://t.co/mAkpWd2M3O
  • The US exchanges are closed and now we have to turn over to the cryptocurrency charts to monitor developments in risk trends over the weekend. Unfortunately, it can be difficult to separate systemic sentiment influences vs isolated issues (like a celebrity's tweet about a coin)
Dow Jones, S&P 500, DAX 30 Forecast: Will Prices Stabilize Further?

Dow Jones, S&P 500, DAX 30 Forecast: Will Prices Stabilize Further?

Daniel Dubrovsky, Strategist

Dow Jones, S&P 500, DAX 30 Trader Positioning - Talking Points

  • IG Client Sentiment hints Dow Jones may stabilize
  • S&P 500 could also see a similar dynamic unfold
  • Germany’s DAX 30 facing diverging price signals

In this week’s webinar on IG Client Sentiment (IGCS), I discussed the outlook for the Dow Jones, S&P 500 and DAX 30. IGCS is a contrarian indicator. For a deeper dive into what this means and for fundamental analysis, check out the recording of the session above where I also outlined the road ahead for GBP/USD and AUD/USD starting around the 28-minute mark.

Dow Jones Sentiment Outlook - Mixed

The IGCS gauge implies that retail traders are about 42% net long the Dow Jones. Downside exposure has decreased by 8.71% over a daily basis while increased 20.75% over a weekly one. The combination of current sentiment and recent changes offersa mixed trading bias.

Dow Jones, S&P 500, DAX 30 Forecast: Will Prices Stabilize Further?

Dow Jones Futures Technical Analysis

Dow Jones futures seemed to have stabilized after recent losses following a top just under current 2020 peaks. The 50-day Simple Moving Average (SMA) seems to have reinstated the focus to the upside after prices failed to push under the 27312 – 27624 inflection zone. A close above 28197 may precede further gains.

Follow me on Twitter @ddubrovskyFX for updates on price trends and retail positioning!

Dow Jones Futures – Daily Chart

Dow Jones, S&P 500, DAX 30 Forecast: Will Prices Stabilize Further?

Dow Jones Chart Created in Trading View

S&P 500 Sentiment Outlook - Mixed

The IGCS gauge implies that roughly 38% of retail investors are net long the S&P 500. Upside exposure has decreased 14.79% while downside bets have increased by 13.05% over a weekly basis respectively. The combination of current sentiment and recent changes offers a further mixed trading bias.

Dow Jones, S&P 500, DAX 30 Forecast: Will Prices Stabilize Further?

S&P 500 Technical Analysis

Following a top around the 61.8% Fibonacci extension at 3577, S&P 500 futures seemed to have stabilized. Prices were caught within the 3337 – 3397 inflection range. The 50-day SMA also held. A push above 3397 could reinstate the focus to the upside. A daily close under the 50-day SMA could risk opening the door to a reversal.

S&P 500 Futures – Daily Chart

Dow Jones, S&P 500, DAX 30 Forecast: Will Prices Stabilize Further?

S&P 500 Chart Created in Trading View

DAX 30 Sentiment Outlook - Bullish

The IGCS gauge implies that about 39% of retail traders are net long the German DAX 30. Upside exposure has increased 4.82% and 31.24% over a daily and weekly basis respectively. The combination of current sentiment and recent changes offers a stronger bullish contrarian trading bias.

Dow Jones, S&P 500, DAX 30 Forecast: Will Prices Stabilize Further?

DAX 30 Technical Analysis

DAX 30 futures could be at risk of a broader pullback as prices trade within a bearish Rising Wedge chart pattern. This also follows persistent negative RSI divergence, a sign of fading upside momentum. A daily close under the floor of the wedge could open the door to a reversal.

DAX 30 Futures – Daily Chart

Dow Jones, S&P 500, DAX 30 Forecast: Will Prices Stabilize Further?

DAX 30 Chart Created in Trading View

*IG Client Sentiment Charts and Positioning Data Used from September 15th Report

--- Written by Daniel Dubrovsky, Currency Analyst for DailyFX.com

To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES