September 3, 2019

Stock market review September 3, 2019

What do we see in the stock market?

Nasdaq 100 ๐Ÿ‡บ๐Ÿ‡ธ

The price of this stock index has been consolidating above the inclined support line of the uptrend since the beginning of 2019.

The general market sentiment is upward. Most likely, this week we will witness a breakthrough up.

Nikkei 225 ๐Ÿ‡ฏ๐Ÿ‡ต

The correlation of the instrument with the USD \ JPY currency pair is strong. The trend for this index is lateral.

Technical analysis suggests that in the field of support, there is an active build-up of positions by customers. The general market sentiment is upward.

FTSE 100 ๐Ÿ‡ฌ๐Ÿ‡ง

On the daily chart, a downward wave reversal pattern is forming. In most cases, these formations are worked out.

The general market sentiment is upward, however, one should be extremely attentive to all fundamental events related to Brexit, as they can have an increased impact on price dynamics.