An air of caution filtered throughout the equity markets on Tuesday with the FTSE 100 being the only real mover as the index continued its run above 7000. While strong performing mining stocks were seen as the catalyst driving the FTSE 100 higher.
The E-mini S&P500 is slow and choppy, trapped in a 190-point range since the start of September. If you connect the highs and lows you will get a contracting shape; it's likely an Elliott Wave triangle, which is a continuation pattern.
It will be a bit of a quieter week on the data front this week, ahead of next week’s busy schedule when we will have a plethora of central bank meetings, including the BoE, BoJ and the Fed, plus lots of key data such as the U.S. monthly jobs report.