📈 US100 ignores risk-off moods in Europe

11:18 AM 25 January 2021

📊 European markets decline but US100 extends upward move

Risk-off moods can be spotted in Europe at the beginning of a new week. Major indices from Germany, United Kingdom, France and Spain are trading 0.2-0.5% lower. However, US indices seem to be immune to risk-off moods seen on the Old Continent. While US500 trades flat compared to Friday's cash close, US100 extends gains. Tech index futures trades almost 1% higher already. However, bulls may have some troubles ahead as the index is closing in on the upper limit of a steep upward channel.

US100 looks past risk-off moods seen in Europe and approaches the upper limit of an upward channel. Source: xStation5

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