Despite weaker-than-expected Consumer Confidence and Richmond Fed Manufacturing data, the market continues to edge higher. The significant JPM call position at the 5750 level looms as a potential short-term resistance without a strong catalyst. Technically, bearish divergences are emerging in key indicators like the RSI and CCI, signaling potential hesitation or a possible pullback.
======== Schwab Network ========
Empowering every investor and trader, every market day.
Subscribe to the Market Minute newsletter - schwabnetwork....
Download the iOS app - apps.apple.com...
Download the Amazon Fire Tv App - www.amazon.com...
Watch on Sling - watch.sling.co...
Watch on Vizio - www.vizio.com/...
Watch on DistroTV - www.distro.tv/...
Follow us on X - / schwabnetwork
Follow us on Facebook - / schwabnetwork
Follow us on LinkedIn - / schwab-network
About Schwab Network - schwabnetwork....
#markets #investing #stockmarket #economy #marketnews #stocks #technical #technicalanalysis #charts #chart #levels #level #catalyst #bullish #bearish #indicators
23 сен 2024
