A Trader's Outlook On Indexes, Commodities, And Forex | Summary and Q&A

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March 5, 2019
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InvestingChannel
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A Trader's Outlook On Indexes, Commodities, And Forex

TL;DR

This content provides a market analysis, focusing on the S&P 500 futures and Nasdaq, highlighting key levels and potential trading opportunities.

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Questions & Answers

Q: What are the key levels to watch in the S&P 500 futures and Nasdaq?

Key levels to watch include the pivot level, a potential trendline, and the resistance-turned-support level. These levels provide important areas of interest and potential trading opportunities.

Q: What trading opportunities can arise from breaking the pivot levels?

Breaking the pivot levels could present short trading opportunities, targeting the session lows. It indicates a potential trend reversal and offers a chance to profit from the market moving downward.

Q: Is there an opportunity for a bullish trade in the market?

Yes, if the market breaks above 2800, it could lead to a full retracement of previous moves. This presents an opportunity for traders looking for dollar strength and targeting higher levels of the market.

Q: How is the New Zealand dollar performing in the market?

The New Zealand dollar is currently testing a multi-month trendline. Traders should closely monitor this trendline as a potential medium-term indicator for a continuation of the downward trend.

Summary & Key Takeaways

  • The S&P 500 futures and Nasdaq have experienced a significant push down, followed by a retracement into an interesting area of support.

  • Key levels to watch include the pivot level, a potential trendline, and resistance-turned-support levels.

  • Opportunities for short trades arise if the pivot levels are broken, targeting the session lows, while a break above 2800 could lead to a full retracement of previous moves.

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