Stocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, iShares Russell 2000 ETF, NASDAQ Composite. Read Declan Fallon's latest article on Investing.com
Markets threatened a rout after sellers struck at Tuesday's open, but a rally after the hour managed to right the ship, and by the close of business lead markets were showing"dragonfly doji" candlesticks.
A dragonfly doji is typically a bullish reversal candlestick, but only in the context of an oversold market which is not the case here. Of course, later today we have a slew of economic data that could deliver dramatic swings in the market , so there is a certain level of pent-up tension leading into this.Trading volume has been very tepid over the last few days - typical of a consolidation - so look for this to pick up when support or resistance is broken.
The overall trend is bullish, and the MACD histogram is showing a little uptick that could lead to a new 'buy' signal above the bullish zero line if it can hang on here.. The S&P picture is a little stronger as while it lost trendline support, it hasn't yet lost *breakout* support. Yesterday's volume ranked as accumulation, but really, it was quite light overall.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
US Small Cap 2000 Ishares Russell 2000 ETF NASDAQ Composite
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nasdaq, S&P 500 Set to Consolidate; Russell 2000 Eyes Bounce Off Trendline SupportStocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, iShares Russell 2000 ETF, NASDAQ Composite. Read Declan Fallon's latest article on Investing.com
Read more »
Fundstrat’s Tom Lee sees small-cap benchmark Russell 2000 surging by 50% in 2024The Fundstrat head of global research told CNBC's 'Last Call' the environment on Wall Street is shaping up to be a positive one for small cap stocks.
Read more »
S&P 500 and Nasdaq fall as Nvidia shares pull back, Fed decision looms: Live updatesThe Federal Reserve begins its March meeting on Tuesday. Investors don't expect the central bank to change the current path of monetary policy at the meeting.
Read more »
Buyers Step in at Trendline Support, Nasdaq and S&P 500 Remain Below Breakout SupportFriday's trading showed that buyers have stepped in at the trendline support, but the Nasdaq and S&P 500 are still below breakout support. The Russell 2000 continues its move-off support, while the Nasdaq and S&P 500 may present a short opportunity if they reach trendline resistance.
Read more »
Dow, Nasdaq, S&P 500 weekly preview: Markets brace for strong employment dataDow, Nasdaq, S&P 500 weekly preview: Markets brace for strong employment data
Read more »
Angela Poe Russell: Russell Wilson and Ciara’s Oscar Party photo just what our culture needsOf all the photos from the night of the Oscars, one of them really struck me. It was Russell Wilson and his wife Ciara at an after party.
Read more »