Read more
2:44 PM · 17 September 2018

US indices mixed as North American session begins

US100
Indices
-
-

Summary:

  • Mixed price action for US indices after the opening bell

  • US100 pulls back to 7500 but US30 pushes higher near 26200

  • Overall stocks remain in clear uptrend

 

The start of the US session has seen some interesting divergence as far as uS indices are concerned with the US100 hit with some early selling while the US30 has pushed higher. Unsurprisingly this has left the US500 a little directionless as it continues to hover around the 2900 mark. The US100 is now back around the 7500 mark, with the market not far to retesting the 7490 level. The market has moved off its highest levels of last week late on Friday when reports of further US tariffs on Chinese imports surfaced and the last couple of candles show some sizable selling.  

US100

The US100 has seen some fair size selling in the last couple of hours with price falling by around 60 points, or not far off 1%, since the Wall St. open. Source: xStation

US30

The US30 is enjoying a brighter start to the week with the market pushing higher since the opening bell to hit its highest level of the day. The market could be on the verge of printing a bullish cross of the EMAs and may look to retest last weeks high around 26260 in the not too distant future. Source: xStation

 

US500

The bigger picture for US indices remains positive with the US500 remaining in a clear uptrend as shown by the EMAs. The pullback in the 21 EMA last week provided a good buying opportunity and while a possible double top could be forming at 2917 the path of least resistance appears to remain higher. Recent lows of 2864 could be seen as key support and unless there is a clear break below here then the price action continues to favour the bulls. Source: xStation

 

 

Join over 2 000 000 XTB Group Clients from around the world

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 Comissão de Valores Mobiliários (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