- Major US equity markets remains range bound
- Bonds are giving mixed signals
- Oil is retesting short term support
- US Dollar is sitting on resistance
S&P 500 (Daily):
The S&P 500 broke down early in the week but recovered at the end of the week. If the index can close at new highs then one should expect the uptrend to continue.
TLT (Daily):
TLT has two significant support/resistance points on the chart. One is annotated by the trend line and the other one is the 200 day MA. Price is currently between the two giving mixed signals.
WTI (Daily):
WTI broke through its short term resistance. It is currently retesting its breakout point and the uptrend is expected to continue.
US Dollar (Weekly):
The US Dollar currently has support on its 20 day EMA. If the dollar gets a bounce off of support it would be expected that the US dollar would retest its highs.
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