Stock Index Technical Analysis Daily
Daily Indices Guide
Detailed commentary
The daily indices guide was developed by Mark Sturdy to provide a closer day to day commentary for shorter-term traders. The previous day's price action is analysed and evaluated within the wider narrative of our assessment of where the market is going.
Combining candlesticks with classical bar charting
Candlestick charts are used to extract the maximum information from the daily price action. And Fibonacci retracement and extensions play a greater role than in the longer term charts - but the overall discipline and predictive power of classical bar charting is retained.
Coverage
The daily indices guide consists of an array of four independent but related Western stock indices: the DAX, EuroStoxx 50, S&P 500 and FTSE has proved popular and useful. By covering all four each day and cross-referencing them, false signals from any one market are minimised and their relative merits are highlighted.
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