Daily Stock Market Analysis 25 Sept 2017 Monday

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. 

US Stock Market Outlook Sept 25 To Sept 29 2017

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:

  • QQQ is at a critical juncture and which way it breaks out into will show the short term direction
  • SPY is sitting at an uptrendline and an inability to stay above it will have some selling coming in
  • Oil has broken higher out of a 60 min triangle and a new support area has formed
  • Bitcoin may be forming a 60 min ascending triangle
  • Germany's DAX indeed pointed to a Merkel win but a weaker majority compared to the last election. Something similar to UK's Theresa May's situation.

Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com

Charts with the investing.com logo are courtesy of Investing.com powered by Trading View

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