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Can we expect an uninterrupted continuation of the sell-off in the US Outlook for stock3 today?

Analyse

The clearly favored “sell the fact” scenario occurred yesterday. There should be at least one more low today. However, whether the momentum will continue remains to be seen.

  • Dow Jones – WKN: 969420 – ISIN: US2605661048 – Price: $32,030.11 (NYSE)
  • Nasdaq-100 – WKN: A0AE1X – ISIN: US6311011026 – Price: 12,567.15 (Nasdaq)
  • S&P 500 – WKN: A0AET0 – ISIN: US78378X1072 – Kurs: 3.936,97 Pkt (S&P)

Dow Jones


As expected, the US markets came under significant pressure yesterday after the Fed interest rate decision and after the press conference. The dynamic sale thus took place in the last hour of trading. The Dow Jones Index therefore closed around 500 points lower at 32,030 points.

Today, the starting position is much more difficult to assess. Actually, the Dow Jones Index should now fall further towards 31,500 points. But in the last few weeks there was a bullish counterattack out of nowhere. However, this should end at 32,500 points at the latest.



Nasdaq 100

The Nasdaq100 index was able to rise to 12-943 points before the Fed meeting. But even then, profit-taking dominated and the index lost almost 400 points from its high and closed at a daily low of 12,567 points.

The index is up pre-market and could actually make another attempt at the 13,000 point mark. But that is not the preferred scenario. More profit-taking is more likely, pushing the index down to 12,200 points.



S&P 500

Yesterday the “conclusion” was: “The index could and may still rise in the wedge formation to around 4,025 points, but then a massive sell-off would be conceivable. However, this scenario is very speculative. A daily close above 4,050 would overturn this bearish pattern.”. The index then finally rose to 4,040 points, only to collapse massively as forecast.

The closing price yesterday was the daily low at 3,936 points. Today there could be a return to around 3,970 points, and then turn south again. The correction target is initially around 3,910/3,900 points.



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