Market Focus: U.S. Indexes

พฤษภาคม 7, 2020
by Joseph Jeffriess, Market Analyst

In today’s video report, we mainly focus on the three U.S indexes and we take a look at upcoming key data.

Better than expected trade balance data from Australia and China have kept buyer momentum in risk markets so far today.

This morning things looked a tad bearish on the SPX500 and US30 after the NY session close. Highs the day before held and overnight we saw failed rallies on both markets. The NDX100 closed higher but failed to hold most of its gains. The NDX100 remains the strongest of the three at this stage.

In today’s video we breakdown price action in three markets, including today’s buying (at this point). We also touch on the levels we would like to see buyers hold to give today’s rally more credibility.

We also look at the upcoming U.S. employment data, unemployment claims will be released early into the U.S. session and payroll data will be released the same time tomorrow.

Market Analysis Video

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