S&P 500 4348,87 -31,39.
Over the last week, the stock market succumbed to renewed selling pressure as the situation deteriorated on all fronts. We quote our previous comment dated on the 18th February 2022 : The technical pattern of the Nasdaq index is negative as the index hasn’t been able to settled above important moving average, a situation observed by many market participants. Many stocks are now well entrenched in a bear market as prices closed well below their various moving averages. We’ll comment more in depth over the next few days the other components of our model.
|Very short term oscillator||Negative -|
|Short term oscillator||Negative -|
|RVI trend||Negative -|
|Trend short term (5 days)||
|Trend mid term (8 days)||
|Differential of trends||
|Risk profile||Under review (scale of 1 (low risk) to 100 (high risk))|