The S&P500 failed to break the 3000 level last week although 3030/3050 is the level to look for, says Tony Sycamore of Tech-FX Trading.
The Italy MIB Index has broken its downtrend from last year and may begin a significant bullish run, say David Sneddon and his team at Credit Suisse in London.
The FTSE 100 is still aiming higher after a surge on Tuesday above the August 2018 swing high at 7500, says Steve Miley at The Market Chartist.
Several European equity markets have rallied more powerfully than expected but Andy Dodd at Louis Capital Markets says they still need to break above their downtrends in order to change his bearish outlook.
The Dow Jones Transportation Average is now in a downtrend signalling a possible bearish signal for the overall index, says Sejul Gokal at Go Technikal Insight.
The NASDAQ future is nearing its all-time high and current levels may not offer the best entry point for new longs, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
The uptrend in the FTSE that began in December 2017 is set to continue despite Brexit worries say the technical analyst team, headed by David Sneddon, at Credit Suisse.
Marko Kolanovic and Bram Kaplan from J.P.Morgan ask why the Q4 2018 sell-off and subsequent Q1 2019 rally in the S&P 500 was so violent. Their answer suggests there is plenty of scope for the S&P to go higher.
Frank Cappelleri, Chief Market Technician at Instinet, thinks that Software stocks are the ‘true’ market leaders for US equities.
The EURO STOXX Banks index (SX7E) is continuing its rally off the neckline of an inverse head-and-shoulders pattern with no clear resistance in sight until beyond 100.00, according to Andy Dodd at Louis Capital Markets.