The US-Iran peace talks present conflicting narratives! What’s next for oil prices?
I. Major Indices: (1) $SPDR S&P 500 ETF (SPY.US)$ Signs of distribution at the top are evident, with support below at 650; (2) $Invesco QQQ Trust (QQQ.US)$ Near key support levels, intense battles between bulls and bears; (3) $State Street® SPDR® Dow Jones Industrial Average® ETF Trust (DIA.US)$ A P-shaped volume distribution has formed at the top, currently in a downward trend; (4) $iShares Russell 2000 ETF (IWM.US)$ The upper wedge has broken downwards, and a rebound may occur in the short term.
II. Popular Stocks: (1) $NVIDIA (NVDA.US)$ May be forming the right shoulder of a head and shoulders top; (2) $Alphabet-C (GOOG.US)$ Sideways consolidation with signs of distribution emerging; (3) $Tesla (TSLA.US)$ Gravestone line on the weekly chart at the wedge position, a directional move is imminent; (4) $Apple (AAPL.US)$ Breaking below the symmetrical triangle, focus on the annual line and 244-axis support; (5) $Microsoft (MSFT.US)$ Signs of bottom accumulation have appeared; (6) $Amazon (AMZN.US)$ Rebound test after breaking below the range, continuation of the downtrend; (7) $Meta Platforms (META.US)$ Breaking below the symmetrical triangle, signs of weakness are emerging; (8) $SanDisk (SNDK.US)$ Still strong, but bullish momentum is waning; (9) $Vertiv Holdings (VRT.US)$ After breaking through the accumulation range, it continues to outperform the broader market (10) $Taiwan Semiconductor (TSM.US)$ Wait for buying opportunities at the support below.
III. Major Asset Classes: (1) Gold completes its second test, entering a sideways consolidation phase; (2) The US dollar may continue to rise with oil prices; (3) Cryptocurrencies show accumulation characteristics despite systemic risks.
$S&P 500 Index (.SPX.US)$ $NASDAQ 100 Index (.NDX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Russell 2000 Index (.RUT.US)$ $Roundhill Magnificent Seven ETF (MAGS.US)$ $USD (USDindex.FX)$ $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ $iShares 20+ Year Treasury Bond ETF (TLT.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $Bitcoin (BTC.CC)$ $BTC/USD (BTCUSD.CC)$ $Ethereum (ETH.CC)$ $ETH/USD (ETHUSD.CC)$ $iShares Ethereum Trust ETF (ETHA.US)$
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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