Major Indices Review: What’s happening in the global markets? - COE report, Colin Twiggs

With the global indices popping up to new highs, we review the technical outlook and the key levels to watch out for Russell 2000 index, S&P 500, DJIA, VIX, DAX 30, and the FTSE 100, with charts and view from COE Report - Investors Intelligence, and Colin Twiggs - Incredible Charts, and comments from Nick Batsford, CEO at Tip TV, and Zak Mir, Technical Analyst at Zak’s Traders Cafe.

Highlights:

COE report – Russell 2000 index – Any retracements have been gobbled up, especially the Brexit dip at the June.

Incredible Charts - S&P 500 – False break below 2160 strengthens the bullish signal , rising 21 day money flow highlights the buying pressure.

DJIA – Bullish break from recent flag formation, immediate target at 19K

VIX below 12.00 indicates low market risk

FTSE 100 – Already in a primary uptrend, pullback to 6500 possible, overall bullish view intact for target of 7100