Syz the moment

Yesterday, the S&P 500 index posted a reversal candlestick pattern. The market opened at a new all-time high but closed at the day's lows, wiping out all of last week's gains! This pattern is typically a warning sign. While the trend remains bullish, a consolidation often follows after reaching a new high. Keep an eye on it. Source : Bloomberg

In January, Dassault Systemes broke its long-term downtrend—a very positive sign. Since then, the market has consolidated by more than 25%. Recently, we're seeing signs of demand, confirmed by stronger-than-average volume in the short-term trend. Keep an eye on it. Source : Bloomberg

Utilities sector (XLU US) has reached an important resistance zone (72,50-73,80), with its short-term trend showing bullish momentum against a long-term bearish trend. After rallying more than 30% since October, the question is whether the market can break through this significant resistance. Source : Bloomberg

Siemens (SIE GY) under a lot of pressure after earnings report. Trend remains bullish. For the moment consolidating after recent new all time high. Support zones to look at are 173,52-175.64 and major 169,70-171,95. Source : Bloomberg

Bitcoin (XBTUSD) is approaching resistance zone 66'500-67'300. If it can close above that level, this could be the end of March consolidation. Keep an eye at this key level. Source : Bloomberg

Salesforce (CRM US) has consolidated 16% since February highs ! Today it's trading above last swing high. Keep an eye if it closes above 279.70. Source : Bloomberg

Home Depot (HD US) has just tested support zone 330-335 after earnings report. Keep an eye at this important level. Source : Bloomberg

S&P 500 Index broke the swing low on 15th September suggesting a change in trend ! Market has made more than the 50% Fibonacci retracement and is approaching supply zone 5200-5265 !!! Market needs to break 5265 if not risk of pressure will grow. Source : Bloomberg