Stocks to Watch Intercontinental Exchange Inc (ICE US)$Intercontinental Exchange (ICE.US)$ Daily Chart - [BULLISH ↗ **] ICE US has shaped a bullish breakout and as long as price is holding above 166.35 support, a bullish push higher towards 183.0 resistance is expected. A daily candlestick close above 183.0 resistance will push price higher to the next resistance at 189.7. Alternatively: A daily candlestick closing below 166.35 support...
Market Re-Cap: What Happened Last Week (For 20th Jan week) US Market US markets ended last week on a positive note, with the$E-mini S&P 500 Futures(MAR5) (ESmain.US)$and$E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$posting their first weekly gains since Donald Trump's inauguration on Monday, rising by 0.81% and 0.93%, respectively. The S&P 500 even closed at a record high after Trump advocated for lower interest rates and reduced oil prices. Howe...
US Market Key Charts (S&P, US Dollar, Gold) $E-mini S&P 500 Futures(MAR5) (ESmain.US)$(4 Hour Chart) -[BULLISH↗ *]We stay slightly bullish as we expect price to push towards 6000 resistance level. A 4 hour candlestick closing above 6000 resistance level would open a push towards 6035 resistance level. Technical indicators have yet to indicate a bullish scenario. Alternatively: A 4 hour candlesti...
Stocks to Watch Abbott Laboratories (ABT US)$Abbott Laboratories (ABT.US)$ Daily Chart -[BULLISH ↗ **]ABT US is currently holding above short term ascending trendline support. As long as price is holding above 117.30 support, a further push higher towards 1st resistance at 123.80 then next resistance at 131.20 is expected. Technical indicators are advocating for a bullish scenario as well. Altern...
US Market Key Charts (S&P, US Dollar, Gold) $E-mini S&P 500 Futures(MAR5) (ESmain.US)$(4 Hour Chart) -[NEUTRAL]We turn neutral as price is currently between 5740 resistance level and 5710 support level. We lean towards a bearish scenario as we expect price to drift lower towards 5710 support level. Technical indicators are displaying a bearish scenario as well. Alternatively: A 4 hour c...
US Market Key Charts (S&P, US Dollar, Gold) $E-mini S&P 500 Futures(MAR5) (ESmain.US)$(4 Hour Chart) -[BULLISH↗ *]We stay bullish as long as price holds above 5815 support level. We expect price to push towards 5930 resistance level. A 4 hour candlestick closing above 5930 resistance level would open next push towards 5990 resistance level. Technical indicators are mixed, with prices holding above 21-EMA period. Alternatively: A 4 hour candlestick c...
US Market Key Charts (S&P, US Dollar, Gold) $E-mini S&P 500 Futures(MAR5) (ESmain.US)$(4 Hour Chart) -[BULLISH↗ **]We continue to maintain a bullish directional bias as price continues to hold above 5850 support level. We expect prices to push towards 5940 resistance level. Technical indicators are leaning towards a bullish scenario. Alternatively: A 4 hour candlestick closing below 5850 support could open next drop towards 5810 support...
US Market Key Charts (S&P, US Dollar, Gold) $E-mini S&P 500 Futures(MAR5) (ESmain.US)$(4 Hour Chart) -[BULLISH↗ *]We maintain a bullish directional bias as price continues to hold above 5810 support level. We expect prices to push towards 5940 resistance level. Technical indicators are mixed, with MACD advocating for a bullish scenario. Alternatively: A 4 hour candlestick closing below 5810 support could open next drop towa...
Stocks to Watch Broadcom Inc (AVGO US)$Broadcom (AVGO.US)$ Daily Chart -[BULLISH ↗ *]AVGO US is holding above its ascending trendline support. As long as price is holding above 173.85 support level, we expect price to drift down towards its ascending trendline support before drifting towards 199.50 resistance level. Technical indicators advocate for a bullish scenario as well. Alternatively: A daily candlestick closing below 173.85 su...
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