SGS 16 months triangle breakout ?
SGS (SGSN SW) is trying to break this 16 months triangle. Keep an eye at volume and also next resistance 86.74 for confirmation. Source : Bloomberg
Hang Seng Index is breaking January consolidation ?
Hang Seng Index (HSI) has been consolidating for the last 6 months and is now showing signs of a breakout. Keep an eye on next resistance 20’155. Source : Bloomberg
Deere trying to break resistance 445
Deere (DE US) is trying to break major resistance 445. For the moment volume is poor. Will it have enough strenght ? Source : Bloomberg
S&P 500 technical analysis -> The $SPX has finally and for the first time since the bear market began in 2022 and bull market began on Oct. 2023, executed a bullish Monthly MACD Crossover.
Source: Seth Golden
The S&P 500 is currently trading ~12.5% above its 200-day Moving Average
The S&P 500 is currently trading ~12.5% above its 200-day Moving Average. We haven't seen $SPY this far above its 200-day since August of 2021, nearly two years ago. While it looks over-extended, it is not unsustainable. For instance, study the left side of the chart from Nov '20 - Aug '21 Source: Grayson Roze
NASDAQ is trading in the upper part of the steep trend channel
NASDAQ is trading in the upper part of the steep trend channel. Note the shooting star candle today, a classical candle that should be observed closely post strong short term trends. One candle doesn't make a "case", but watch for a possible confirmation session. Source: TME, Refinitiv
Phillips 66 Closed Above its Bollinger Band, Still in Downtrend
Phillips 66 closed above its upper Bollinger band, indicating shares may be overbought. In the past 12 months, the stock has crossed above this level 10 times and fell an average of 5.6% in the next 20 days. Can it break?
Source: Bloomberg
Salesforce just broke to the upside the flag
Salesforce (CRM US) has broken the flag on the upside. It's now trying to break major resistance 221-225. Keep an eye at this key level. (Source : Bloomberg)
