Russell 2000 (RTY) Down 0.68%
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
Equities
Last Updated October 22, 2020 at 1:50 GMT
The instruments in the equity indices asset class that made the biggest moves, on a percentage basis, over the past day were FTSE 100, IBEX 35, and CAC 40. The chart below illustrates. None of the moves in the past day were especially noteworthy in terms of their size relative to their volatility over the past 30 days.
Trend News
Over the past two weeks, the strongest trend has been on SSE 50 Index. Alternatively, on a 90 day basis, the strongest trend appears on IBEX 35.Moving Averages In The Equity Indices World
For those who pay attention to moving averages, Hang Seng may be of particular interest. It crossed its 50 and 100 day moving averages. Outside of Hang Seng, other pairs that crossed notable moving average levels include CAC 40, IBEX 35 and Euro Stoxx 50; they crossed their 20, 20 and 200 day moving averages, respectively. From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that Nasdaq 100 has perhaps the strongest trend. See the chart below.
Euro Stoxx 50 (SX5E) Outperforms All equity indices, Up 0.81%; Breaks Above 200 Day Average
Euro stoxx 50 outperformed all 14 assets in the equity indices asset class since the previous day.
Nasdaq 100 (NDX) Down 0.11%, in an Uptrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
Now congress thinks its the public and everything is good.
IBEX 35 (IBEX) 3 Day Up Streak Snapped, in a Downtrend Over Past 90 Days; Price Base in Formation Over Past 14 and 30 Days
This is a reversal of the price action on the previous hour, in which price moved down.
ASX 200 (AS51) Heads Down For the 2nd Consecutive Day, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone up 8 out of the past 14 days.
SSE 50 Index (SSE50) Up 0.41%, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone up 8 out of the past 14 days.
NIKKEI 225 (NKY) Up 0.31%; in an Uptrend Over Past 90 Days
Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
Dow Jones (INDU) Down 0.2%
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
FTSE 100 (UKX) Underperforms All equity indices; Down 1.91%
This move is a reversal from the hour prior, which saw price move up.
S&P 500 (SPX) Down 0.22%; Pin Bar Pattern Appearing on Chart
Out of the 14 instruments in the equity indices asset class, s&p 500 ended up ranking 8th for the day in terms of price change relative to yesterday.