Markets weaken as tech earnings season reaches its climax Ke...
Markets weaken as tech earnings season reaches its climax
Key charts of the US market (S&P, USD, gold)
$E-mini S&P 500 Futures(SEP4) (ESmain.US)$ (4-hour chart) - [Bearish ↘ **] We are bearish on Standard & Poor's as further weakness is expected. As long as the price remains below the 5630.75 resistance level, a further decline to the 5544.25 support level is expected. Technical indicators tend more towards a bearish scenario. The price remains below the 13-period EMA and the MACD is moving lower, indicating an upward trend...
Key charts of the US market (S&P, USD, gold)
$E-mini S&P 500 Futures(SEP4) (ESmain.US)$ (4-hour chart) - [Bearish ↘ **] We are bearish on Standard & Poor's as further weakness is expected. As long as the price remains below the 5630.75 resistance level, a further decline to the 5544.25 support level is expected. Technical indicators tend more towards a bearish scenario. The price remains below the 13-period EMA and the MACD is moving lower, indicating an upward trend...
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