More correction for S&P500
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.
April 2017
GBPUSD building medium-term base
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.
Spike in VIX signals short-term bottom
Last week’s spike in the VIX triggered a buy signal because it occurred within an uptrend, says Ari Wald, Technical Analyst at Oppenheimer.
Sell signal on silver
A short-term sell signal has appeared on the chart for silver, says James Dima, technical analyst at Marex Spectron.
Strong support will delay USD decline
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.
UBS slightly less bullish on US stocks
Peter Lee, Chief Technical Strategist at UBS in New York, gives his technical outlook for 49 key stocks.