Short Trade Idea
Enter your short position between $73.59 (the intra-day high of its last bearish candlestick) and $74.43 (yesterday’s intra-day high).
Market Index Analysis
- Xcel Energy (XEL) is a member of the NASDAQ 100 and the S&P 500.
- Both indices trade inside bearish chart patterns with rising bearish volumes.
- The Bull Bear Power Indicator of the S&P 500 Index is bullish with a negative divergence.
Market Sentiment Analysis
Equity markets extended their year-end slide with rising bearish trading volumes, and equity futures are pointing to another sell-off this morning. Minutes from the last FOMC meeting revealed a tight decision to cut interest rates, while the Dot Plot Chart shows just one interest rate…
