Equity markets sold off on Tuesday giving up the gains from the start of the week. The UK benchmark FTSE 100 index now in negative territory and the S&P 500 weekly candle forming a bearish reversal gravestone Doji pattern.
Currencies and Bitcoin lacked real conviction but crude fell away from the crucial $40 mark after geopolitical tensions involving Azerbaijan eased.
S&P 500 – Weekly candles – Gravestone Doji
Instrument | Hourly | Daily | |
GBP/USD | 1.2822 | STRONG SELL | NEUTRAL |
EUR/USD | 1.1727 | SELL | NEUTRAL |
FTSE 100 | 5,855 | SELL | STRONG SELL |
S&P 500 | 3,304 | NEUTRAL | NEUTRAL |
Gold | 1,885 | STRONG SELL | STRONG SELL |
Silver | 23.72 | STRONG SELL | SELL |
Crude Oil WTI | 4038 | STRONG SELL | SELL |
Bitcoin | 10,673 | STRONG SELL | BUY |