Good news from the Middle East! Trump says a U.S.-Iran deal is largely finalized
I. Major Indices: (1) $SPDR S&P 500 ETF (SPY.US)$ Signs of distribution at the top are evident, but it has not broken down yet; (2) $Invesco QQQ Trust (QQQ.US)$ Heavy distribution pressure, with bulls stubbornly absorbing selling pressure; (3) $State Street® SPDR® Dow Jones Industrial Average® ETF Trust (DIA.US)$ Sharp decline, a P-shaped volume distribution has formed at the top; (4) $iShares Russell 2000 ETF (IWM.US)$ The top angle has broken downward, watch for potential stabilization;
II. Popular Stocks: (1) $NVIDIA (NVDA.US)$ May be forming the right shoulder of a head and shoulders top; (2) $Alphabet-C (GOOG.US)$ Range-bound trading, stabilizing support at 295; (3) $Tesla (TSLA.US)$ Moving towards a narrowing angle, presenting long opportunities; (4) $Apple (AAPL.US)$ Forms a symmetrical triangle, volume and price movements unfavorable for bulls; $Microsoft (MSFT.US)$ Rising against the trend, possibly forming an accumulation zone; (6) $Amazon (AMZN.US)$ Rebound test after breaking below the range, may retest lower levels; (7) $Meta Platforms (META.US)$ Symmetrical triangle pattern, price-volume dynamics currently favoring bulls; (8) $VanEck Semiconductor ETF (SMH.US)$ May enter into a sideways consolidation phase; (9) $iShares Expanded Tech-Software Sector ETF (IGV.US)$ A major rebound after the ultimate shakeout $First Trust Dow Jones Internet Index Fund (FDN.US)$ Reversed sharply higher, potentially beginning to form an accumulation range
Third, major asset classes: (1) Gold has completed its second test and may be entering the next phase of accumulation; (2) The US dollar is showing signs of stagnation with high volume near the upper end of its trading range; (3) Cryptocurrencies have experienced panic selling and completed a second test, now moving into a sideways consolidation phase.
$S&P 500 Index (.SPX.US)$ $NASDAQ 100 Index (.NDX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Russell 2000 Index (.RUT.US)$ $Roundhill Magnificent Seven ETF (MAGS.US)$ $USD (USDindex.FX)$ $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ $iShares 20+ Year Treasury Bond ETF (TLT.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $Bitcoin (BTC.CC)$ $BTC/USD (BTCUSD.CC)$ $Ethereum (ETH.CC)$ $ETH/USD (ETHUSD.CC)$ $iShares Ethereum Trust ETF (ETHA.US)$
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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