Technical Views Equity Indices

Equity indices are continuing their bullish momentum with the Nasdaq 100 in a parabolic extension and the S&P 500 nearing long-term channel resistance at 7,500. However, indicators like the VIX and overbought RSI levels suggest growing market complacency and the potential for short-term pullbacks.

Key Takeaways

• 1.The Nasdaq 100 has entered a parabolic trajectory, breaking above its classic Wave 5 target at 28,163 with a potential extension to 31,453.
• 2.The S&P 500 is nearing major long-term resistance at 7,500-7,750, with short-term RSI indicating overbought conditions.
• 3.The VIX remains at subdued levels (around 17.19), suggesting market complacency and potential vulnerability to sudden volatility shocks.

Table of Contents

• North America
• Europe
• Asia & Emerging Markets
• Endnotes: references for Trading Strategy publications (1/2)
• Endnotes: references for Trading Strategy publications (2/2)
• Disclaimer and disclosure information (1/4)

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