Crude Oil Back on Major Support Zone
Crude Oil WTI is back once again in the major support zone between 62.43-69.23. It's also testing the March 2022 downtrend line. Keep an eye on these very important levels. Source: Bloomberg
Alibaba Constructive Build-Up
Alibaba (BABA US) has consolidated more than 80% since October 2020! Although the long-term trend is still bearish, there have been some constructive rebounds since the major support zone between 58-70 was tested. Keep an eye on this key level. Source: Bloomberg
S&P 500 Index Trying to Post a New High
The S&P 500 Index (SPX) has been attempting for several days to break the resistance zone between 5640-5670. The market needs to break through this level to confirm the bullish trend. Keep an eye on it. Source: Bloomberg
L'Oreal Starting to Rebound on Major Support
L'Oreal has tested the major support zone of 372-390 over the last three weeks and has started to break out to the upside from that zone! The trend remains bullish. Source: Bloomberg
DAX Index Reaching Supply Zone
The DAX Index has now rebounded more than 8% since the lows on August 5th! Keep an eye on the supply zone between 18,430-18,565. Source: Bloomberg
This is the biggest 2-day drop for the Nikkei in history, surpassing Black Monday
Source: www.zerohedge.com, Bloomberg
US earnings: The beat rate is the smallest since 4th quarter of 2022 377 S&P 500 companies (80% of index EPS) have reported, beating consensus by 2%, the smallest since 4Q22.
71%/55%/45% beat on EPS/sales/both Source: BofA, Mike Z.
Booking Holdings Trying to Rebound on Support
Booking Holdings (BKNG US) is trying to rebound on a major swing support zone between 3394-3477. Keep an eye on the close today. Source: Bloomberg
