Zak Mir, technical analyst for ShareProphets.com, joined Nick Batsford to discuss different stocks and indices.
In terms of the FTSE 100, Mir noted September the 30th as the worst trading day of the year, and he added 6120 as the next target on the upside as long as it holds above 5980.
Mir commented that the S&P 500 looks like a double bottom, but he believed you need to see a decent day above 1900 to confirm an intermediate bounce.
When concerning Sainsbury’s, Mir outlined that it went to its lowest levels this year following it breaking Septembers low, but he noted that the 200 DMA needs to hold.
Watch the video to see his views on EMG, RIO, SQZ, AERO and SMA.