The S&P 500 (SPX) has been printing lower highs and is losing momentum, a potential drop is developing.
On the chart above I've marked the different support levels as well as the different potential scenarios.
We believe the SPX will move lower based on chart signals and past history.
Feel free to leave a question and share your thoughts.
The German DAX has retraced into an interesting cluster of support which is worth being aware of. Recently, the market has risen into a consolidatory phase which produced a triple top. The third top was followed by a sharp retracement and that’s where the market stands at the time of writing.
The following Analysis Points (APs) will guide you through some of the...
after a very strong selloff SPY has retraced and currently, the market is approaching a key level of resistance on daily.
On 1H chart the market is consolidating and coiling within a narrow trading range.
If bears break below the range, for us it will be a perfect signal of a bearish continuation and...
BUY – TESCO (TSCO)
Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services.
It’s been a tough few months for Tesco shareholders with the shares having slumped over 13% from the 2019 high. The business has embarked on a massive overhaul over...
Again much like the Bunzl long we can see this one is a long below the cloud which means its a relatively weak play, so do your own research! But it's respecting its lines on the range, and the risk reward is solid. Play up to at least the resistance of the cloud and see how it goes. Thanks for looking and best of luck!LSE:AGK
While below the cloud this is a riskier play so DYOR, but the trend has respected the tram lines indicated pretty well and this would represent a healthy payoff, signal below is also indicating an upward turn. Thanks for looking and best of luck!LSE:BNZL