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.
There are more technical reasons to think the S&P 500 will advance than fall, according to Frank Cappelleri, Chief Market Technician at Instinet.
The FTSE is testing its short-term uptrend channel which if broken would usher in a sustained move lower, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
The US consumer is yet to show signs of cracking despite mounting cases of Covid-19, says Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.
While China and Japan remain the strongest equity markets based on their long-term trends, the overall message from Robin Griffiths and Ron William is “own gold, sell equities“.
The 3,000 level has held for the S&P 500 and the market remains in neutral, but Frank Cappelleri believes a resolution, one way or the other, will come in July.
Andy Dodd, Head of Technical Research at Louis Capital Markets, explains why US and European equities and looking bearish in the long-term.
Position size and risk management are particularly important for trading the S&P 500 right now, according to Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.