Stock market review 8 January, 2019

Nasdaq 100 ๐Ÿ‡บ๐Ÿ‡ธ

The structure of the US stock market is beginning to change on the downward. This is evidenced by the increased volume and bearish candles that are not typical for this market. However, fundamental reasons for a further deep market decline are hardly visible. In the long term, the index should win new local maxima. What is happening now is nothing but profit taking by investors who have been buying futures for this index for several years.

Nikkei 225 ๐Ÿ‡ฏ๐Ÿ‡ต

In the area of โ€‹โ€‹support of this financial instrument, there is increased bullish activity. The price is aggressively discouraged upwards, wishing to continue movement within the framework of a long-term ascending channel. The fundamental background in this is benevolent. However, the market always moves to where the money is unpretentious investors. There was no collection of stop losses, not observed on the graph of a specific reversal either. It is possible that the market will still show new lows, after which it will turn sharply upwards.

FTSE 100 ๐Ÿ‡ฌ๐Ÿ‡ง

This financial instrument shows unpreparedness for either growth or further decline. The price is frozen near the key area of โ€‹โ€‹the support. Support is the lower bound of the long-term ascending channel. If we analyze the fundamental background, as well as the general mood of the market, then the most likely scenario is a small spurt upward with a further decrease in price.