Home Market USA30: Triangle Pattern Signals End to Rally

USA30: Triangle Pattern Signals End to Rally

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The Russell 2000 and US stock indices have advanced substantially since the beginning of this year. This is a sign that there is optimism for American equity markets. But, how long can it last? Analysts believe that stock indexes will continue rising in the next months, and that the recovery will accelerate. However, the pressure on consumers by the rapid rise of interest rates tells another story. Recent data shows that retail sales are down, which has forced companies to reduce prices and announce layoffs. It is possible to predict a recession, worsening fundamentals, and a hard landing.

Tuesday’s close of trading saw the stock market move higher +0.31% The mega-cap tech companies’ quarterly earnings results are ahead. Long liquidations in stocks weighed on the broader market on concerns that market expectations may be too optimistic about the tech companies’ Q4 earnings. And Tuesday’s negative corporate earnings news weighed on stock indexes. The Tech 100 It was reduced -0.22% At the end, as Enphase Energy fell -3.93%. Gleichzeitig, the S&P500 Edged down -0.07%, With 3M Tumbling -6.16%. But, Dow Jones Increased levels of 0.31%.

Technical Analysis

Tuesday USA30 rose to a high of Continue reading…

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