The S&P 500 Healthcare Sector broke last weeks high and is now just under the Ichimoku Cloud on the Daily. Flying way above 2023’s High of 1594.66, MACD is still negative and RSI a bullish 53.23. Golden Fib retrace showing strong resistance at 1683.59. If we get a rejection below the week open price of 1644.39, we could see further correction rejecting last months...
S5HLTH is the S&P 500 Heakthcare Sector. It comprises of all the biggest boys in the health and pharma industry. This sector's price action (as for the S&P as a whole) runs between the top and bottom channels on both daily and weekly charts. This is in line with the current world situation where Healthcare products and development have been highly in demand due...
after big retracement, setting the buy order above the support line. 1R = ATR , P:L = 1:2
Still no signs of an imminent crisis, although Telecommunications SP:S5TELS sector is going in a descending triangle. Could it trigger the inversion? Gold and Silver NASDAQ:XAU , in the meantime, broke an important support.