The S&P 500’s next major move will be up and any corrective period in the coming weeks should be seen as a buying opportunity, according to Ron Meisels at Phases & Cycles.
While Tony Sycamore, Director of Australia-based TECHFX TRADERS, still expects EURUSD to eventually test recent highs in the 1.2100 area, he sees some evidence that this bullish view may be under threat.
A bullish reversal pattern for Brent Crude has been confirmed and suggests a medium-term target of 88.49, says Andy Dodd, Head of Technical Research at Louis Capital Markets.
The US 30-year yield faces a major hurdle at 2.95 percent, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets, though he expects this level will eventually be cleared.
Two signals have come together to give a bullish outlook for Gold in the weeks ahead, says James Dima, technical analyst at Marex Spectron.
The broad uptrend for EURUSD may be resuming, according to David Sneddon and his team at Credit Suisse in London.
While many indicators suggest the S&P 500 may be overbought, Ari Wald, Technical Analyst at Oppenheimer, argues that the longer-term advance should continue.
The bulls remain in complete control of US equities, according to Ron Meisels at Phases & Cycles.
Bearish momentum is increasing for GBPUSD as key retracement levels give way, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
Peter Lee, Chief Technical Strategist at UBS in New York, gives his technical outlook for 49 key stocks.