Technical Analysis

Technical Outlook: S&P 500 Trendline Resistance in Focus, FTSE MIB Breaks Double Prime

Fairness Evaluation and Information

S&P 500 | Descending Trendline to Spark Inflection Level

FTSE MIB | Bearish RSI Divergence Raises Scope of Pullback

Searching for a basic perspective on Fairness? Try the Weekly Equities Basic Forecast.

S&P 500 | Descending Trendline to Curb Additional Upside

Whereas the S&P 500 continues to edge greater, momentum to the upside has noticeably slowed because the index transfer in the direction of the important thing 2700. Consequently, the run of good points within the index appears to be like to be considerably stretched with the trendline resistance from the file excessive at 2700 presumably set to curb additional upside.

S&P 500 Value Chart: Each day Time Body (Jul 2018 – Jan 2019)

SP500 Daily Price Chart

FTSE MIB | Bearish RSI Divergence Raises Scope of Pullback

FTSE MIB has breached the double prime from the Nov/Dec highs, subsequently eyeing a transfer in the direction of October 17th peak at 19910. Nonetheless, scope for a pullback is on the horizon given the bearish RSI divergence shaped on the day by day timeframe.

FTSE MIB Value Chart: Each day Time Body (Aug 2018 – Jan 2019)

FTSE MIB Daily Price Chart

— Written by Justin McQueen, Market Analyst

To contact Justin, electronic mail him at Justin.mcqueen@ig.com

Observe Justin on Twitter @JMcQueenFX

Different Weekly Technical Forecasts:

Australian Greenback Forecast – AUD/USD, EUR/AUD, AUD/JPY Chart Assist and Resistance Bolstered

Crude Oil Forecast – Sharp Rebound Seems Set To Proceed

British Pound Forecast – Getting ready For Additional Upside?

US Greenback Forecast – Greenback Ends Week With Its Worst Drop in four Months, Nonetheless Not a Break

Gold Forecast – Value Rally Testing Development Resistance

Euro Forecast – Euro Breakdown a Faux-out?


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