The analysis might be incorrect due to some news events that occurred since the analysis was posted.
Price action is the movement of a market's price plotted over time and forms the basis for all technical analyses of an index, shares, commodity or other asset charts.
The grey line to each market is the anticipated price action that is expected to unfold in the foreseeable future and is independent of time.
Please note the following symbols and phrases that will be used for each graph:
The "trend" is the price level where a change in trend direction from bullish to bearish and vice versa might occur.
The "target" is the most expected price target (profit target) that might be reached with the current analysis (view) remaining intact.
The "stop" indicates the price level at which the current technical view or stance will be negated (stop-loss).
The "increase exposure" indicates the price level, whereby one might increase some exposure.
S&P 500 index
US Nasdaq index
Top 40 Index
The reference VIX (CBOE) volatility index measures the level of risk, fear, or stress in the market when making trading decisions.
The AUD/USD will highlight risk-on and risk-off scenarios for the equity market in general.
Risk-on is currently applicable, with caution.
Chart of the day
Harmony GM Co Ltd (HAR)