Potential break higher in Dow futures
The E-mini Dow futures have tagged the 200-Day moving Average in overnight trading.
Risk-on sentiment is everywhere as Chinese Blue-chip stocks close the session up 5.5%, having, having posted 7% gains last week.
Investors are fully focussed on the positives as economic data improves (hard not to from where we came from) and second wave risks are discounted. We have non-manufacturing ISM data put of the US today which are expected to come in bang on the dividing lined between contraction/expansion st 50.0.
Look for a close above the 200-Day MA to propel markets higher, with the initial target 27,400 (June Highs)
Kind regards
Elliott
www.patreon.com/ellevationtrading
Risk-on sentiment is everywhere as Chinese Blue-chip stocks close the session up 5.5%, having, having posted 7% gains last week.
Investors are fully focussed on the positives as economic data improves (hard not to from where we came from) and second wave risks are discounted. We have non-manufacturing ISM data put of the US today which are expected to come in bang on the dividing lined between contraction/expansion st 50.0.
Look for a close above the 200-Day MA to propel markets higher, with the initial target 27,400 (June Highs)
Kind regards
Elliott
www.patreon.com/ellevationtrading