Stock market review June 12, 2019

by @agcc
Stock market review June 12, 2019

What happens in the stock market?

Nasdaq 100 ๐Ÿ‡บ๐Ÿ‡ธ

Against the background of the Fed's rhetoric about a possible reduction in the key interest rate, as well as unabated risks and concerns related to the US-Chinese trade war, the index managed to complete the past week in the positive zone.

Having closed above the key area of โ€‹โ€‹resistance, as well as having formed a candle absorption model on the market, the price is likely to continue its medium-term growth.

At the moment, the situation is becoming bullish, and the general market mood is shifting from short-term to downward to confidently upward.

Nikkei 225 ๐Ÿ‡ฏ๐Ÿ‡ต

Trading takes place as part of a long-term ascending channel. The price in turn is relatively close to the sloping ascending line of support for this trend.

One factor confuses that the intensity of the descending candles exceeds the intensity of the ascending candles.

It means that there are more than enough consumer volumes on the market. Despite this, the general mood of the market is bullish.

FTSE 100 ๐Ÿ‡ฌ๐Ÿ‡ง

The technical figure of the trend reversal โ€” double bottom โ€” is clearly visible on the chart of this tool.

Growth goals in the short term are limited to growth of 2% -3%. The long-term direction of the market still points to the north, the market is steadily upward.

This week's growth of quotations of this index is expected, however, a small downward correction before the growth is not excluded.

June 12, 2019
by @agcc