We all know that the 200MA is key resistance and support level. US Tech 100 is approaching this key level. But given the fairly positive Q earnings and strong sentiment towards the FANG companies. There is a strong possibility that we see a bounce off the 200MA.
We may see a bearish signal for the US Tech now that the earnings season is almost over. If the US...
In addition to the poor fundamental economic outlook for the next several quarter earnings.
There are several technical indicators that are signalling a bearish market for at least the next month until early June.
1) We have broken the lower band of our most recent upward trend channel.
2) We are at the top of our daily Bollinger band which is also the same as...