Cramer's Corner: Daily Technical Update Top and reversal patterns in US Indices and Nvidia, Semiconductors
Technical analysis

Cramer's Corner: Daily Technical Update Top and reversal patterns in US Indices and Nvidia, Semiconductors

Kim Cramer Larsson
Technical Analyst, Saxo Bank

Summary:  Cramer’s Corner: Daily Technical Update

Kim Cramer Larsson hosts the Daily Technical Update, a daily 8-10 minute video with live charts.
Kim takes you through the latest technical developments in financial markets, covering everything from the major stock indices, widely traded single stocks, commodities, currencies and interest rates

In today’s Technical Update                

  • Nvidia and SOX  formed top and reversal
  • S&P 500. Bearish Engulfing top and reversal pattern
  • Nasdaq Bearish Engulfing top and reversal pattern . strong resistance at 20,042-20,211
  • EuroStoxx50 key resist at 4,907
  • DAX testing key strong resist at 18,557
  • AEX25 closed above key resist at 907
  • CAC40 above key resistance at 7,464
  • SMI20 bullish likely to test all-time highs
  • Time 4.52
  • EURUSD  Likely correction
  • EURGBP around 0.618 retracement
  • GBPUSD bullish with upside potential to 1.3145
  • USDJPY bottom and reversal pattern
  • EURJPY rejected at 173, key support at 160.55
  • AUDJPY range bound 99.20-96.75
  • GBPJPY rejected at 200 DMA, key resistance at 191.90
  • AUDUSD top and reversal ?  bullish potential to 0.68
  • USDCAD trading around support at 1.3590
  • EURCHF likely bear move to 0.9445 but likely lower
  • USDCHF reached 0.786 retracement at 0.85,. Could bounce
  • Dollar Index bullish engulfing bottom and reversal
  • Time 11.14
  • Gold testing support at 2,484
  • Silver above 29.45 resist, but RSI still negative
  • Copper likely to test resistance at 422.35
  • WTI and Brent Crude oil volatile in tighter range, likely testing supports
  •  US 10-year T-yields spiked below support at 3.79

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