Tag Archives: S&P
Technical Analysis (Short Cycle Report): Gold rolling over
Gold is in the early stages of its next big wave down. As long as USD1,641 continues to hold as resistance the probabilities that the crucial USD1,522 support is broken remain high. Cable looks particularly vulnerable to losses, stock markets are cycling lower and the 10-year Bund yield is at a strong resistance zone.
Technical Analysis
The euro rather resilient (so far) to bearish signals coming out of Spain (bank CDS’s took off yesterday, bearish key day reversal in IBEX), JPY – the stage is set for a comeback (EURJPY bearish key day reversal, USDJPY double top?, AUDJPY retreating, JPYSEK false downside break),
FX Daily Strategist: Europe
No oil price worries in evidence Friday The S&P500 made its highest close since June 5, 2008 on Friday, while in G10 FX, SEK, representing the country most exposed to the global growth cycle, was the strongest performer on the day and second biggest gainer on the week versus the USD (+2.65%, just pipped by […]
Technical Analysis: USD-TRY at strong support
USD-TRY is at a strong support zone with a high risk of an upward reversal. Gold has broken down from its ending diagonal and the structure of the initial fall suggests more weakness to come. Stocks are at the upper limits of the bear market rally from October but EUR-USD may have another short-term rally […]
Technical Week Ahead
EUR/USD – Correcting the stretch (1.3145-1.3260 before down?) GBP/USD – Large “Head & shoulders”/”Round-top” still in play NZDUSD – Indicators favor the long side: Buy-on-dips
S&P ANALYSIS
(1282,80)The S&P confirmed a negative closing on Friday managing however to recover from a low at 1272,70. The weekly closing was instead still well positive, even strong. The indicators of the daily chart are well positive but still close to the overbought area; those of the weekly one are also positive supporting higher levels.
S&P ANALYSIS
(1276,50)The S&P plunged already below the 200 hours line, now s/t resistance at 1278,30. While below 1281,00 on an hourly closing we expect a 1270 undershooting where we close our short. Note however that the indicators are already close to the oversold area showing also potential positive reversals.
S&P ANALYSIS
(1294,60)The S&P managed to confirm a strong closing last night despite the drop toward 1281. Possible a retest of the 1297,50 level and an hourly closing above this level will support further strength suggesting a 1300 overshooting that could mean an extension even toward 1314!!
S&P ANALYSIS
(1281,50)The S&P confirmed a s/t top after having confirmed our target at 1293,60. Possible rebounds are selling opportunity especially in case of a retest of the 1288/90 area. We sell a 1288,00 overshooting for a drop toward the 200 hours line at 1274,31!!
S&P ANALYSIS
(1286,90)The S&P failed also yesterday to confirm our target finding good resistance already at 1289,20. Only a break below 1279,30 will however support lower levels suggesting a test of the 200 hours line at 1272,97, where we expect decent support.
S&P ANALYSIS
(1285,00)The S&P confirmed a 1290 overshooting but it failed to confirm directly our target at 1293,60. The daily closing was however strong, well above the top of the previous sessions. While above 1277.00 it will make another test on the upside.
S&P ANALYSIS
(1284,50)The S&P is confirming a break above 1282,40 but only a daily closing will confirm the break supporting the suggested 1300 overshooting. The indicators of the daily chart are well positive pointing toward higher levels.