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New Short-Term Highs As Investors Await Quarterly Earnings Releases

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Briefly: In our opinion, no speculative positions are justified. Our intraday outlook is neutral, and our short-term outlook is neutral. Our medium-term outlook remains bearish, as the S&P 500 index extends its lower highs, lower lows sequence: Intraday outlook (next 24 hours): neutral Short-term outlook (next 1-2 weeks): neutral Medium-term outlook (next 1-3 months): bearish Long-term outlook (next year): neutral The main U.S. stock market indexes gained 0.6-1.1% on Friday, extending

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