The major stock indices are consolidating on their 4hr charts, much like most FX pairs, and one can only hope that a breakout will trigger soon! I heard one market commentator today say that the only thing he thinks will de-rail stocks is if the Trump tax overhaul fails and the US tax cuts do not get passed. In their view, even an impeachment might not do too much damage as there will still be a Republican government in place with either Pence or Ryan to fill the shoes. Something to mull over as some indices keep flirting with all time Highs.
The same drill applies here; watch for any trend line breakout that evolves with increased momentum.
S&P500 4hr:
DJIA 4hr:
NASDAQ-100 4hr:
FTSE-100 4hr:
DAX 4hr:
ASX200 4hr:
JP-225 4hr: Index made up of Japan’s top 225 blue-chip stocks.
STOXX-50 4hr: Index made up of 50 of the largest and most liquid Eurozone stocks.
