Most volume analysis is confirming the S&P 500’s bullish trend except for one bearish signal which has been triggered for the first time since 2007, according to Buff Dormeier, Chief Technical Analyst at Kingsview Investment Management.
The Euro STOXX Banks index will likely outperform the broader European market and target the “pandemic price gap” at 96.80/98.44, according to David Sneddon and his team at Credit Suisse in London.
Bitcoin will stay bullish provided it remains above key support at $55,000, says Tony Sycamore, Director of Australia-based TECHFX TRADERS.
The recent bearish breakout in EUR/USD has added further fuel to its corrective phase, according to George Davis, Chief Technical Strategist at RBC Capital Markets.
A few cracks have begun to appear for the S&P 500, according to Robert Colby, Chief Investment Strategist at Robert W. Colby Asset Management.
The Russell 2000 continues its steady push higher, having broken with ease above its downtrend from February, according to David Sneddon and his team at Credit Suisse in London.
Seasonality and recent market behaviour suggest the S&P 500 will rally after reaching a mid-March low, according to Frank Cappelleri, Chief Market Technician at Instinet.
There is some risk that Bitcoin has completed a 5-wave rally and a possible medium-term high, according to Elliott Wave specialist Tony Sycamore, Director of Australia-based TECHFX TRADERS.
A “broadening top” exhaustion pattern is building for the S&P 500, according to Robin Griffiths and Ron William at RW Advisory.
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