US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
European markets slightly higher after the record highs of S&P500
2020-08-19 • Updated
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is now trading between the Tenkan Sen and the Kijun Sen. An upward wave would lead the pair to exceed the Tenkan Sen, confirming the bullish outlook.
US Market View
European markets slightly higher after the record highs of S&P500 in the previous session.
The advance of S&P500 came as shares of big tech stocks rallied and reflected the trend of the past months this year in equity markets, as investors showed interest into software and tech names as a defensive strategy against the pandemic. Many analysts have noted that the market has been discounting the future and not the present.
The COVID-19 virus rates have begun to slow in the United States, but not the same case in some countries within Europe.
US Key Point
- European markets slightly higher after the record highs of S&P500.
- The COVID-19 virus rates have begun to slow in the United States.
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