Here is an update of what is happening to different markets. Oil looks like it is moving higher, Bitcoin might have an ascending triangle and the QQQ is at a crucial point sitting at its daily 50 MA and which way it breaks out into in the 60 min chart will tell us where it wants to go. In the daily stock market analysis, we will look at shorter time frames such as the 60 min. For a look into longer time frames check out the weekly stock market outlook.
We will also look at the German Dax today as the country just recently had an election.
Here's a brief summary of today's chart:
Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com
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