⏬ Bears are taking control amid deteriorating news flow. Will the final days of October see a major sell off?
Monday started in poor moods and it only got worse from there. Weekend COVID statistics were backed by action today as Spain introduced the state of emergency, signaling what might occur elsewhere as well. DE30 is tumbling heavily (3.5% already!) as SAP trimmed revenue outlook citing pandemic as a reason. US indices help up fairly well for a while but seem to be bending under pressure eventually. Crucially, US100 has just broken the key support at 11550 and the next support line is at a distant 10670. Keep in mind that all top4 tech companies will publish reports on Thursday (make sure to follow the “News” section for details).
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
