Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: SPX 4 and more

In today’s briefing:

  • SPX 4,200 Risk off Drivers

SPX 4,200 Risk off Drivers

By Thomas Schroeder

  • The stage is set for an equity/risk off decline after the SPX met our 4,200 rally objective as have Asian and European indices.
  • We are treating the DXY 101 low as a key USD turn support that will see dollar upside follow through on the back of a bullish 10 yr yield breakout.
  • Equity weakness due from mid- Feb into Q2. NDX is hovering near pivotal lows (tech/growth U/P). Scales are tipped toward new lows.

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