Nasdaq 100 Index retesting recent breakout level
Nasdaq 100 Index (NDX) is retesting recent breakout level at 15’265. That level is now a support represented by March 2022 high. Will it hold ? Source : Bloomberg
Vinci back again on major breakout level
Vinci (DG FP) is once again back on major breakout level. Will it be able to rebound ? Source Bloomberg
Salesforce is retesting recent breakout level
Salesforce (CRM US) is retesting recent breakout level and now major support level 222. Keep an eye on this level. Source Bloomberg.
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
