Market Rhythm Focus

EFG's technical commentary highlights a bullish breakout in China's Shanghai Composite while maintaining a cautious outlook on the FTSE 100 and a neutral view on the consolidating NYSE Composite.

Key Takeaways

• 1.China's equity market shows a 'dual breakout' with the Shanghai Composite echoing the CSI 300's upside break, confirming a strong positive trend.
• 2.The FTSE 100 remains in a cautious state, trading below its 50-day moving average (50dma) with downside risks persisting.
• 3.The NYSE Composite is stuck in a sideways consolidation; a break above 23,320 is required to maintain the bullish trend.

Table of Contents

• Technical Analysis
• Global Markets
• Market Rhythm Focus
• Shanghai Composite
• FTSE 100
• NYSE Composite
• Disclaimer (1)
• Disclaimer (2)

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial