12:12 PM ยท 3 June 2021

๐Ÿ“ˆ Head and shoulders formation on US500

Today's European session began in a mixed mood, with volatility remaining low in the early hours of trading. However, after 12:00 pm BST sellers took the lead and major European indices are trading lower. A pullback can also be seen on the US index futures market, which are also trading lower before the start of trading. 

Looking at the US500, we are observing an attempt to break down the neckline of the head-and-shoulders formation, which usually heralds a trend reversal. However, it is worth noting that the support zone, resulting from previous price reactions (4,180 pts), is close by, and only its breaking below may result in a deepening of the correction. 

One should be aware that the market may become more volatile once key US data (ADP report) is released at 1:15 pm BST

US500 H1 interval. Source: xStation5

27 August 2026, 4:55 PM

US Open: Nvidia breaks the curse โ€“ 7% gain drives the Nasdaq! (27.08.2026)

27 August 2026, 2:13 PM

Market Wrap: Defence bucks declines in Europe. Dollar stabilises before Jackson Hole (27.08.2026)

26 August 2026, 6:44 PM

Daily Summary: Wall Street holds its breath: Hotter PCE inflation and Nvidia report in the shadow of Putin's threats

26 August 2026, 6:20 PM

Are markets reacting to Putin's threats?

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissรฃo de Valores Mobiliรกrios (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits