After reaching a top of 2401 in March, further corrections can be expected for the S&P500, according to Ron Meisels at Phases and Cycles.
GBPUSD has surged higher, brushing aside key resistance levels to test medium-term resistance at 1.2839, says David Sneddon and his team at Credit Suisse.
Last week’s spike in the VIX triggered a buy signal because it occurred within an uptrend, says Ari Wald, Technical Analyst at Oppenheimer.
A short-term sell signal has appeared on the chart for silver, says James Dima, technical analyst at Marex Spectron.
While recent price action has left a couple of bearish signals on the chart, it’s unlikely the Dollar Index will break its long-term uptrend at the first attempt, says Andy Dodd, Head of Technical Research at Louis Capital Markets.
Peter Lee, Chief Technical Strategist at UBS in New York, gives his technical outlook for 49 key stocks.
US stocks are close to reaching their tech bubble peak relative to bonds, says Michael Hartnett, Chief Investment Strategist at BofA Merrill Lynch Global Research.
Ron William of RW Advisory thinks cable will target 1.15 in 2017, reaching the bottom of an 8-year cycle.
A medium-term top has completed on USDJPY turning the core trend bearish, according to David Sneddon and his team at Credit Suisse.
A broad-based commodities rally is looking increasingly likely, says James Dima, technical analyst at Marex Spectron.