Technical Forecast for the Dow, S&P 500, DAX, FTSE and Nikkei

Equities Talking Points:

US Dollar Bounces From 95.00, Global Stocks Attempt to Build Support.

Bears Drag SP 500 Below 200-Day Moving Average, Risk Aversion Dangerously Broad.

– Are you looking for longer-term analysis of Equity prices? Check out our Quarterly Forecasts as part of the DailyFX Trading Guides.

Bears Run Amok

It was a brutal week across global stock markets. The bearish setup in the DAX from last week’s forecast filled-in quickly as prices in the index pushed down to fresh 18-month lows, but the bullish setup investigated in the Nikkei faltered as the September bullish breakout reversed with aggression. US stocks were the focal point, however, as American markets moved from feast to famine after setting fresh all-time highs just a week ago; and then turning into an aggressive sell-off back down to some key areas of support.

As we move towards next week, a number of items remain of interest. The economic calendar picks up a bit, and we’ll also see Q3 earnings announcements pick up out of the United States. This morning saw a number of

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