Market Rhythm Global Technical Analysis

EFG's technical commentary highlights overbought conditions in US markets (NDX RSI 82) and bearish signals in Korea's KOSPI, while monitoring key resistance levels in Silver and EURUSD.

Key Takeaways

• 1.The Nasdaq 100 is technically stretched with an RSI of 82, approaching the psychological 30,000 level and the 200% Fibonacci extension.
• 2.Market breadth in the S&P 500 is narrowing, with only 39% of stocks currently trading above their 10-day moving average.
• 3.Korea's KOSPI index formed a bearish engulfing candle at all-time highs, signaling a possible consolidation phase.

Table of Contents

• Equities & Other
• FX & Precious Metals

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