ATM, only around 21% of SP500 stocks are above the 50-day MA. Below 20% is when major reversal was formed, June 2022, Oct 2022, Mar 2023, Oct 2023, April 2025.Chart source: @MacroMicroMe Big support on SPX is at 6100/6200, as already mentioned by Grega on X. You can visit full post here https://x.com/GregaHorvatFX/status/2019404270521520351/photo/1
NZDUSD shows signs of completing a wedge pattern, suggesting a potential short-term bounce.
NEARUSD is forming a wedge near the 2023 lows around $0.80. A break above $1.90 would signal recovery, while $3.35 confirms a stronger bullish shift.
EURUSD has been in a downtrend since early February and weakness may resume. The sharp drop from 1.1930 likely ended wave 3, so the current rebound is probably wave 4 with 1.1660–1.1670 seen as an important resistance zone.
AUDNZD is currently experiencing a sharp recovery, reaching levels above its 2015 highs. The pair is moving within the higher-degree wave C of (III), now in wave 5 of an impulse following the breakout from a wave 4 triangle pattern. Price action suggests the pair may be approaching the late stages of this upward impulse […]
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