Further to my post of September 29, this is simply a quick update to show directional movement and money flow for the first week of October for:
- the SPX
- the World Index excluding USA
- the US Dollar
- 30-year Bonds
- Gold Futures
In a nutshell, trading was choppy in all of them, but some minor gains were made in Bonds and Gold, while further profits were taken in other world markets.
In the short term for all five, keep an eye on:
- the 50-day moving average, as it forms either support or resistance
- the 50.00 RSI level, as it must either be retaken or held above to support higher prices
N.B. for a deeper dive into US Major Indices, check out my post here.