Bull Trend Intact
#SPX#Nasdaq the corrective decline has set up the continued rally to new ATHs. Key bull trend support remains lower at the 200-day SMA, with the structure immediately bullish above last week��s lows.
#CrudeOil stalled at equality resistance, setting up a larger triangle consolidation.
#US10yr hard test of 5.0% resistance with no confirmation of a breakout or reversal.
More detail in this week’s Mars Market Update 👇
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Key Inflection
#SPX#Nasdaq hard test of ATH resistance. Bulls need to clear ATHs to maintain the immediate bullish structure or risk a larger blue wave 4 correction towards key support at the 200-day SMA.
#US10yr#TNX rates breaking up and out of its triangle thrust.
#DXY bull trend remains intact.
#CrudeOil triangle consolidation or immediate bullish extension?
More detail in this week’s Mars Market Update 👇
https://t.co/1Xx9YikTRk
Bull Flag Redux
#SPX / #ES_F despite the more complex correction, the bull flag remains in play. Bulls need to clear trend channel resistance for a push to new ATH's.
Bull Flag Redux
#SPX / #ES_F the near-term corrective decline is potentially setting up a rally to new ATHs. Bulls need to break up and out of the bull flag while above the 50-day SMA support.
#Nasdaq / #NQ_F the corrective nature of the decline warns that the rally appears incomplete and would look best with a wave 5 extension to new ATHs while above 200-day SMA trend support.
#US10yr Rates testing key 5.0% resistance with the FOMC on deck this week.
#CL testing equality resistance but remains bullish from a big-picture perspective.
Bull Flag?
#SPX / #ES_F is potentially setting up a near-term Bull Flag for a push to new ATHs while above the 50-day SMA support.
#Nasdaq / #NQ_F rally appears incomplete and would look best with a wave 5 extension to new ATHs.
#US10yr Rates testing key resistance with PPI and CPI on deck later this week.
#CL remains bullish within a triangle consolidation.
Indecision Remains
#SPX warning of a potential top remains. Near term Bulls need to hold the 50-day SMA then the wave 4 low, with bigger-picture support in the 7000/200-day SMA area.
#Gold#Silver expect a near-term correction lower before the bull trend reasserts itself.
#DXY indecision remains with no confirmation of a change in trend.
#US10yr Yields remain range bound but testing key 4.80% resistance.
Breakout or Fakeout
#SPX#Nasdaq warning of a potential top. Near term Bulls need to hold the wave 4 low (top pink line), but bigger-picture support resides in the 7000/200-day SMA area.
#Gold#Silver warning of a bullish change in trend.
#USD#DXY last chance for bulls with the potential for a resumption of the bear trend.
#US10yr Yields remain range bound below key 4.80% resistance.
Key Inflection
#SPX#Nasdaq hard test of ATH resistance. Bulls need to clear ATHs to maintain the immediate bullish structure or risk a larger blue wave 4 correction towards key support at the 200-day SMA.
#US10yr#TNX rates breaking up and out of its triangle thrust.
#DXY bull
Bull Trend Intact
#SPX#Nasdaq the corrective decline has set up the continued rally to new ATHs. Key bull trend support remains lower at the 200-day SMA, with the structure immediately bullish above last week’s lows.
#CrudeOil stalled at equality resistance, setting up a large
Bull Flag Redux
#SPX / #ES_F despite the more complex correction, the bull flag remains in play. Bulls need to clear trend channel resistance for a push to new ATH's.
Bull Flag Redux
#SPX / #ES_F the near-term corrective decline is potentially setting up a rally to new ATHs. Bulls need to break up and out of the bull flag while above the 50-day SMA support.
#Nasdaq / #NQ_F the corrective nature of the decline warns that the rally appears inco
Bull Flag?
#SPX / #ES_F is potentially setting up a near-term Bull Flag for a push to new ATHs while above the 50-day SMA support.
#Nasdaq / #NQ_F rally appears incomplete and would look best with a wave 5 extension to new ATHs.
#US10yr Rates testing key resistance with PPI and
Explore our latest Mars Market Update and technical analysis 👇
https://t.co/qb1PY3g7GZ
Technical Analysis For Global Macro Markets — Mars Capital Partners
Indecision Remains
#SPX warning of a potential top remains. Near term Bulls need to hold the 50-day SMA then the wave 4 low, with bigger-picture support in the 7000/200-day SMA area.
#Gold#Silver expect a near-term correction lower before the bull trend reasserts itself.
#DXY