Cramer's Corner: Daily Technical Update

In today’s Technical Update:

• Apple to open higher after earnings
• S&P 500 likely resuming downtrend, resist at 5,146. Support 4,953. Range bound?
• EuroStoxx50 Resist at 5,053, testing key support at 4,888
• DAX. Key resistance at 18,192. Support at 17,620
• AEX25 key resistance at 883
• CAC40 resistance at 8,126. Key support at 7,875 and 7,812
• SMI20 resistance at 11,379, could sell off to 11K
• Time 3.30
• EURUSD 1.0752-1.0665 range bound
• GBPUSD rejected at 0.618 retracement, support at 1.2449
• JPY pars uptrend in jeopardy. Indicators still bullish
• USDJPY testing 0.786 retracement. Needs to close above 158 for uptrend
• EURJPY testing 0.786 retracement at 164.29
• AUDJPY dipped below 0.618 retracement to 100. Will it close above
• GBPJPY trading around 0.382/0.618 retracement
• AUDUSD trying once more to break above 0.6585 and 100 DMA
• USDCAD uptrend fizzling but still potential to 1.3930
• EURCHF double top or just a correction 0.9850 is key
• USDCHF uptrend stretched . RSI divergence. Could retrace back to 0.90
• Dollar Index rejected at 106.32. Below support at 105.27
• Time 10.40
• Gold correction unfolding possibly down to 2,255. 2,207?
• Silver correction could dip lower to 25.60
• Copper short-term top and reversal, likely correction to 441-433
• WTI short-term bearish testing trendline
• Brent Crude testing rising trendline
• Cocoa could collapse to 6,500
• US 10-year T-yields looks a bit stretched short-term, likely correction

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