bearish
Nasdaq and S&P Futures
SUMMARY
- The large US banks opened higher on Friday, trading up by 1.5% to 3.7% in the morning session on news of earnings beat by JP Morgan and Wells Fargo.
- JP Morgan, Bank of America, Citibank, and Wells Fargo formed a bearish Candlestick pattern despite the earning beat on above-average volume.
- In the technology sector, the Semiconductor ETF (SOX), Nvidia, Microsoft, META, Micron Technology, C3 AI, SPDR Technology ETF, and Palantir all had bearish price action and candlestick patterns.
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