im thinking it was a dead cat bounce, and we get a move lower.
Whats your opinion tomorrow morning on the /ES
- Thread starter Ronjohn
- Start date
The S&P500, DOW, Nasdaq (and their future equivalents) influence all other markets.
Traders of the big three couldn't careless about Live Cattle, Soybeans, etc - while on the other hand traders of Live Cattle, Soybeans, etc will always be watching the big three.
I would like to group the USD with S&P500, DOW and Nasdaq as the dominate force of all World markets.
The S&P500, DOW, Nasdaq (and their future equivalents) influence all other markets.
Traders of the big three couldn't careless about Live Cattle, Soybeans, etc - while on the other hand traders of Live Cattle, Soybeans, etc will always be watching the big three.
I would like to group the USD with S&P500, DOW and Nasdaq as the dominate force of all World markets.
Well, Gee, let's see...
U.S. stocks retreated with sovereign debt from Europe to America, while a plunge in crude prices sent the dollar higher as investors calibrated expectations toward less global monetary stimulus.
“The [IEA] report showing that the oil surplus could go longer than expected is weighing on the market from a growth perspective, and the political climate has gotten gradually more tense. It’s all being reflected in stock market today.”
"The IEA-sparked rout in crude sent emerging markets lower for a third day, with stocks and currencies extending losses after the worst selloff since June. The MSCI Emerging Markets Index tumbled to the lowest since Aug. 4."
So, it seems the shoe is on the other foot. CL and Brent have affected the ES, NQ, YM and DX, plus other currencies, plus world-wide emerging markets, not the other way around.
So the statement that the ES and the other big two "affect and influence all other markets" is patently invalid.
Source:
http://www.bloomberg.com/news/artic...to-live-on-in-asia-as-fed-outlook-hits-dollar
Congratulations you found a brick wall. Which you probably wished you hadn't.The S&P500 (and its two friends the DOW and Nasdaq) influences ALL markets.
