Stocks rock to start the week

The S&P500 and NASDAQ have moved to new all time highs on Monday on hope about a Covid-19 vaccine.  The S&P500 is now above 3,400 so watch for this recent Resistance level to become potential Support. The DXY and most Forex pairs I monitor are little changed though.


Data: Watch today with US CB Consumer Confidence, New Home Sales and Richmond Manufacturing Index data.


Earnings: a couple of big retail names report today so watch for any impact on overall market sentiment:


DXY 4hr: note the revised wedge trend lines and the low momentum:


Trend line breakouts:

S&P500 4hr: a 30 point b/o above 3,400:


ASX-200 4hr: moving higher so I'd expect a test of the 6,200 level:


Other markets:

Gold 4hr: little changed, as are most of the FX pairs I monitor: