Technical Views Equity Indices

The report highlights technical exhaustion in global equity indices, focusing on the S&P 500's failure at 7,500 resistance and the Nasdaq 100's overbought status despite strong tech leadership.

Key Takeaways

• 1.The S&P 500 reached key resistance at 7,500 but failed to break through, suggesting a potential pullback toward support at 7,233.
• 2.Market breadth remains a major concern for the S&P 500 rally, with fewer than 50% of stocks trading above their 50-day moving average.
• 3.The Nasdaq 100 has exceeded its classic Wave 5 target, showing strong momentum but deep overbought RSI conditions, with a possible extension toward 31,430.

Table of Contents

• North America
• Europe
• Asia & Emerging Markets

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