The S&P 500 index may perform noticeably better than the European stock market ( STOXX 50 ) in the event that the European Union experiences a sharp economic downturn. The S&P 500 to EURO STOXX 50 ratio, which gauges the relative strength of the US stock market in comparison to the EU stock market, has been largely flat so far in 2022. In the past, when the...
Renault - Intraday - We look to Sell a break of 26.79 (stop at 27.56) Short term momentum is bearish. There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 26.90. Bespoke support is located at 27.00. A break of 26.90 is needed to confirm follow through negative momentum. Daily signals are mildly...
If US Market goes down, $52 is good level to place buy limit order on Toyota Motors!
This weekend Bloomberg LP write “The #nyse Composite Index, which includes US stocks, depositary receipts and #realestate investment trusts, has broken multiple technical support levels including its 200-week moving average, the 14,000 mark. Now, accumulated losses could force #funds to sell more assets to raise cash, accelerating the selloff“ Well, #sp500 is...
COLPAL - The Bat harmonic pattern A breakout above point B has invited targets for point D One can go long with a SL of 50 ema.
*GRANULES INDIA* Time Frame: Daily Observation: * Rectangle Pattern Breakout * Swing High Break Resistance/Target: 362 396 428 Support: 295 273
The confirmation to enter happened when the SSL Channel showed an uptrend and the second confirmation came with the MA21 crossing below the candles. Simple but effective patterns and indicators. Control your own risk.
Hello Fellow Global Stock Investor/Trader, Here's a Technical outlook of NIKE! NIKE has broken out of Ascending Broadening Wedge. Furthermore, The MACD indicator created a Death cross, indicating potential bearish movement ahead. All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/Resistance...
What is a good PMI index? A PMI index over 50 represents growth or expansion within the manufacturing sector of the economy compared with the prior month. A reading under 50 represents contraction, and a reading at 50 indicates an equal balance between manufacturers reporting advances and declines in their business. PMI can anticipate GDP behavior ...
Barclays - 30d expiry - We look to Buy at 140.42 (stop at 134.98) Price action continued to range between key support & resistance (140.00 - 175.00) and we expect this to continue. We are trading at oversold extremes. Short term momentum is bearish. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. Support is...
Coal India make a bearish circle chart pattern and it might be a bearish cup and handle chart pattern in upcoming days or from circle it can give downtrend movement normally and it will face a support zone at 210 - 195 level and as per rsi is 38 in uptrend mood so it can open tomorrow positive but for sometimes it can make a handle of cup and then give down trend...
Sell HDFC future below 2400, shall update levels once trade is triggered
Roku - 30D expiry - We look to Sell at 73.58 (stop at 78.11) The 1 day moving average should provide resistance at 73.00. The previous swing high is located at 75.00. 74.97 has been pivotal. Preferred trade is to sell into rallies. Daily signals are bearish. We look for a temporary move higher. Our profit targets will be 63.33 and 60.33 Resistance: 60.00...
Euronav - Intraday - We look to Sell a break of 15.73 (stop at 16.81) We are trading at overbought extremes. A higher correction is expected. A break of the recent low at 15.75 should result in a further move lower. Bespoke support is located at 16.00. Short term momentum is bearish. Although we remain bullish overall, a correction is possible with plenty...
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SPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% SPX, 48% Cash. * BOUNCE WATCH . Chicago Fed President Charles Evans mentioned yesterday that FFR will likely top out around March of 2023 . DXY, US Treasuries and VIX are finally down today while Equities, Futures, Commodities, Cryptos, EURUSD and GBPUSD are all up. I think it's...
Adobe - 30D Expiry - We look to Buy a break of 301.11 (stop at 284.98) With signals for sentiment at oversold extremes, the dip could not be extended. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Trading close to the psychological 300.00 level. We expect a significant move higher if prices manage to...
ABNB What a beautiful and clean inverse head and shoulders on ABNB. Technically we just broke the neckline (dotted line), if we close above it today, the pattern will be confirmed with a target between $153 and $161. This one is a bit tricky though as there are some resistances ahead: -The horizontal resistance at 130 -The down trend line connecting all the...