The S&P 500 and Nasdaq 100 face mixed outlooks since there is a case for a broader bullish bias and a near-term bearish outlook. What are key levels to watch ahead?
There was a disproportionate rise in tech stocks last week as the Nasdaq 100 roared higher but the Dow Jones was left behind. Broadly speaking, the US equities technical outlook is neutral.
The loonie has enjoyed back-to-back days of gains against the greenback for the first time in a month, however USDCAD remains bullish above the 1.3580 handle.
The S&P 500, Nasdaq 100 and Dow Jones sank last week on bank sector contagion woes. From a technical standpoint, this is leaving Wall Street increasingly vulnerable in the week ahead.
The Nasdaq 100, Dow Jones and S&P 500 all marked notable bearish technical developments last week. Is this setting the stage for more disappointment in the week ahead?