Credit Suisse 1/6: Key #StockMarket Themes:
#SP500 strength has extended to the top of its multi-year channel at 4125/30, with the market now seen moving into typical “extreme” territory. Our bias though is for the rally to extend further yet to our Q2 objective at 4200,
#SP500 strength has extended to the top of its multi-year channel at 4125/30, with the market now seen moving into typical “extreme” territory. Our bias though is for the rally to extend further yet to our Q2 objective at 4200,
Credit Suisse 2/6: where we would then be highly alert to signs of a potential top and correction/consolidation.
#Nasdaq100 is not unsurprisingly seeing a pause at its 13880 record high but with a bullish “outside day” & “head & shoulders” base in place we continue to look for a
#Nasdaq100 is not unsurprisingly seeing a pause at its 13880 record high but with a bullish “outside day” & “head & shoulders” base in place we continue to look for a
Credit Suisse 3/6: break to a new record high for a move to our 14000/10 long-held “measured triangle” objective, then our 14380 new revised higher objective.
#Russell2000 continues to struggle though & we remain of the view may be seeing the formation of a “right-hand shoulder”
#Russell2000 continues to struggle though & we remain of the view may be seeing the formation of a “right-hand shoulder”
Credit Suisse 4/6: to a potential and large “head & shoulders” top.
#EuroStoxx50 maintains its break above pivotal long-term resistance from the point-of-breakdown from the GFC at 3900/06 and we stay bullish for 3995/4000 next.
#EuroStoxx50 maintains its break above pivotal long-term resistance from the point-of-breakdown from the GFC at 3900/06 and we stay bullish for 3995/4000 next.
Credit Suisse 5/6: #FTSE100 maintains its bullish “triangle” pattern, despite the recent setback and we expect further strength to 7004 next, the key low from October 2019.
#Nikkei225 may be in the process of forming a bullish “triangle” continuation pattern.
#Nikkei225 may be in the process of forming a bullish “triangle” continuation pattern.
Credit Suisse 6/6: #ShanghaiComp has fallen as expected to retest its recent low and 63-day average at 3378/73. We stay biased lower for a move below here to retest 3328/17.
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