01 March 2019 at 9:04 GMT
US equity indices poised for an upside break
In recent articles this week here we have highlighted the ongoing resilience of European equity markets, with both the DAX and DJ Euro STOXX 50 benchmark averages hitting new highs for 2019 over the past 24 hours (see below for the DJ Euro STOXX 50 European benchmark).
The major US equity averages, however, have remained in sideways ranges and have if anything been testing modest range support factors throughout this week, capped below latter February peaks.
This resilient consolidation though, does leaves the major indices in the US poised to play catch up with their European brethren, with risks today and into early March still skewed towards the upside and here we focus on the US flagship average, the S&P 500.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/us-equity-indices-poised-for-an-upside-break/