George Davis at RBC Capital Markets says a shift in the risk backdrop may be at hand, which would usher in a corrective period, but one key technical ingredient is missing: confirmation of trend changes and reversal patterns.
The USD is extending its consolidation phase, unwinding the oversold condition to leave the bear trend in a better condition to eventually resume, according to David Sneddon and his team at Credit Suisse.
The NASDAQ is looking bearish in the short-term, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
The FTSE 100 has completed a top and will likely begin a concerted move lower, according to David Sneddon and his team at Credit Suisse in London.
There is still no clear indication where the S&P 500 is going next, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS.
