Current price is above the six week valid downward slopping trendline (bullish); current price is above its very short term 13 day simple moving average (bullish); current price is above its 25 day minor intermediate term simple moving average (bullish); 13 day rate of change is above its zero line (bullish); 4 day rate of change is above its zero line (bullish);...
S&P 500 Index technical commentary: Current price 3,893.1; the crossover on July 5th of the 10 day simple moving average (SMA) over the 20 day SMA could signify bullish technical cross, however it should be noted that the index is somewhat of a trading range, so these types of moving average crosses should be handled with caution. Long positions may be supported...
Technical Commentary: (EUR/USD)
The break below last weeks 1.0350 level near the lows of May 13th, 2022, could have opened the door for a downside price extension. Lower tops and lower bottoms on price (daily chart) confirm a classic downtrend “Dow Pattern”. Key levels to watch are the 0.98169 area for support and 1.05281 resistance
