Providing the S&P 500 does not close below 2590 there is a good chance of a rally back towards 2770 in the week ahead, says Tony Sycamore, Director of Australia-based TECHFX TRADERS.
The spread between the 5- and 30-year US Treasury bond yields has broken above two key levels, according to Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.
Monitor for a short-term bullish signal on the Soybean Crush, says James Dima, technical analyst at Marex Spectron.
The close correlation between Gold and the Chinese Yuan has broken and this has triggered a bullish breakout for XAU/CNH, says Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.
A rally in the Bloomberg US dollar Index has left it in a position to remove pivotal resistance and begin a sustained phase of strength, according to David Sneddon and James Gilbert at Credit Suisse in London.
A market top in US equities may still be several months away, according to a study by Ari Wald, Technical Analyst at Oppenheimer.
A break below key support would leave a long-term top in place for the STOXX Europe 600, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
The relief bounce in MSCI US and MSCI Europe was driven by a rally in defensive sectors, a bearish omen for risk sentiment according to Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.
Emerging market currencies have formed a base and look ready to trend higher, according to David Sneddon and James Gilbert at Credit Suisse in London.
The percentage of US stocks in oversold territory is at a multi-year high and, together with a jump in the VIX, could be viewed as a bullish signal, says Ari Wald, Technical Analyst at Oppenheimer.