Global Markets Market Rhythm

Technical commentary on global markets highlighting a strong breakout in US software stocks and constructive consolidation in European equities and gold.

Key Takeaways

• 1.The S&P 500 Software & Services index is in a powerful uptrend after clearing its 200dma with a 'three white soldiers' pattern.
• 2.The VIX is currently short-term oversold, which may indicate a near-term bounce in volatility, though not necessarily a market panic.
• 3.Gold (XAUUSD) remains supported by its 200-day moving average and is testing minor resistance at 4,550.

Table of Contents

• Technical Analysis
• Global Markets
• Market Rhythm
• Equities & Other
• FX & Precious Metals

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