Market Rhythm Focus: Global Technical Analysis

EFG's technical analysis highlights a breakout in the S&P 500 Equal Weighted index suggesting healthy breadth, contrasted by a downside break in the Nasdaq 100 due to tech weakness.

Key Takeaways

• 1.The S&P 500 Equal Weighted index signals healthy market breadth as it breaks out from a downward flag despite weakness in large-cap indices.
• 2.The Nasdaq 100 has broken lower from an ascending triangle, pressured by its heavy technology exposure and negative short-term momentum.
• 3.Italy's FTSE MIB remains in a constructive upward channel, reaching its highest level since the end of 2000, though a short-term pullback is possible.

Table of Contents

• Technical Analysis Global Markets
• Market Rhythm Focus
• S&P 500 Equal Weighted
• Nasdaq 100
• VIX
• FTSE MIB
• Disclaimer (1)
• Disclaimer (2)

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