DAX Futures Morning Update on 07 March 2019

The DAX Futures is trading at 11,545.50  with a loss of -0.13%  percent or -15.30  point.The FTSE 100 Futures is trading at 7,159.20 up with +0.18% percent or +12.90 point. The CAC 40 Futures is trading at 5,278.00 with a loss of -0.35% percent or -18.50 point.  The EURO Stoxx 50 Futures trading at 3,316.00  with a loss of -0.12% percent or -4.00 point.

TODAY’S FACTORS AND EVENTS

Allowing for a little latitude on how you define the neckline of the 2017/2018 head-and-shoulders pattern, the DAX is currently trading around it. If the pattern is to play out to its full potential, then the market should begin turning down very soon. The March low from last year is also in rough confluence. This period right now may turn out to be crucial when we look back at it sometime later on.

The DAX is currently above the 2011 trend-line it broke in December, but given the larger topping pattern remains intact, it’s not viewed a strongly bullish recapture of broken trend support. A material push above the neckline of the H&S formation, though, will, and at that juncture the market may want to rise a significant way higher.

PREVIOUS DAY ACTIVITY

For the day Germany’s DAX closed at 11,587.63 with a loss of -0.28% percent or -33.11 point.the FTSE 100 closed at 7,196.00  up with +0.17% percent or +12.57 point. France’s CAC  40 closed at 5,288.81 with a loss of -0.16% percent or -8.70 point.

WORLD MARKETS

For the day the Dow is trading at 25,673.46 with a loss of -0.52% percent or -133.17 point. The S&P 500 is trading at 2,771.45 with a loss of -0.65% percent or -18.20 point. The Nasdaq Composite is trading at 7,505.92  with a loss of -0.93% percent or -70.44 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,456.01   with a loss of -0.65% percent or -140.80 point. Hong Kong’s Hang Seng is trading at 28,883.59  with a loss of -0.53% percent or -154.01 point. China’s Shanghai Composite is trading at 3,121.81  up with +0.64% percent or +19.71 point. India’s BSE Sensex is trading at 36,672.41 up with +0.099% percent or +36.31 point at 12:15 PM.

You may also like...

Rules of Discussion on DAX Futures Morning Update on 07 March 2019

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.
Note: If old messages appear, it is due to a software bug. Please click the 'Sort By Newest' Button on below right, then first select Oldest & after that Newest. Latest Message will appear. Sorry for this.