The DAX Futures is trading at 12,409.50 up with +0.33% percent or +40.60 point.The FTSE 100 Futures is trading at 7,487.50 up with +0.23% percent or +17.50 point. The CAC 40 Futures is trading at 5,567.59 with a loss of -0.081% percent or -4.51 point. The EURO Stoxx 50 Futures trading at 3,506.00 up with +0.17% percent or +6.00 point.
TODAY’S FACTORS AND EVENTS
In order to get more confident with regards to further declines, we would like to see a decisive dip below 12340, a support defined by the inside swing highs of June 24th and 27th. Such a move may set the stage for extensions towards the 12205 zone, marked by the low of June 27th, the break of which may allow the bears to put the 12140 zone on their radars, which is a support defined by the inside swing high of June 17th.
Taking a look at our short-term oscillators, we see that the RSI turned down again and just touched its 30 line. It could fall below that line any time now. The MACD lies below both its zero and trigger lines and points somewhat down. Both indicators detect downside speed and support the notion for the index to continue trading lower for a while more.
PREVIOUS DAY ACTIVITY
For the day Germany’s DAX closed at 12,373.41 with a loss of -0.51% percent or -63.14 point. the FTSE 100 closed at 7,530.69 with a loss of -0.077% percent or -5.78 point. France’s CAC 40 closed at 5,567.59 with a loss of -0.081% percent or -4.51 point.
For the day the Dow is trading at 26,860.20 up with +0.29% percent or +76.71 point. The S&P 500 is trading at 2,993.07 up with +0.45% percent or +13.44 point. The Nasdaq Composite is trading at 8,202.53 up with +0.75% percent or +60.80 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,643.53 up with +0.51% percent or +110.05 point. Hong Kong’s Hang Seng is trading at 28,413.22 up with +0.74% percent or +208.53 point. China’s Shanghai Composite is trading at 2,916.74 up with +0.049% percent or +1.44 point. India’s BSE Sensex is trading at 38,783.95 up with +0.59% percent or +226.91 point at 12:15 PM.