Markets have shown increased volatility in the past few weeks, mainly due to the asymmetrical effect that the new Omicron…
Markets have shown increased volatility in the past few weeks,…
Below are the US index giant charts.
S&P 500 is approaching ATH levels. Key is watching a possible close above the resistance which is the 2870 level. The index continues trading inside the channel that started back in March/April.
Over past 24 hours several of the large US indices have started flashing red sell signals according to DeMark enthusiasts.
S&P 500 recorded the first TD Sequential 13 Countdown sell signal since the buy signal dated on March 26th. Note the signal showed a sell signal 4 days before the January top.
NASDAQ bounced on the 50 day average a few days ago and is getting increasingly trapped between the uptrend and the resistance line a little higher. Make or break here?
Source: charts by Bloomberg