Cramer's Corner: Daily Technical Update
Technical analysis

Cramer's Corner: Daily Technical Update

Kim Cramer Larsson
Technical Analyst, Saxo Bank

Summary:  Cramer’s Corner: Daily Technical Update

Kim Cramer Larsson hosts the Daily Technical Update, a daily 8-10 minute video with live charts.
Kim takes you through the latest technical developments in financial markets, covering everything from the major stock indices, widely traded single stocks, commodities, currencies and interest rates

In today’s Technical Update:

  • S&P 500. Potential upside to 4,546 but uptrend weakening. Drawing a double top? Confirmed below 4,328
  • Nasdaq 100 Once again rejected at strong resistance at 15,265. Close above potential to 15,653-15,882. Double top pattern? Confirmed by a close below 14,687
  • DAX below support at 15,625. In down trend. Minor support at 15,482. Could drop to 15K
  • AEX25 rejected at rising trendline. Testing key support at 748. Next support at 735
  • CAC40 Range bound between key resistance at 7,403 and key support at 7.080.
  • EURUSD uptrend resumed. Resistance at 1.1180. Above could lead to 1.15
  • Dollar Index could be testing key support
  • USDJPY Correction unfolding. Below support at 142.25.  Could drop to 139.18. Medium term uptrend intact
  • EURJPY correction unfolding. Support at 154.40
  • GBPUSD resuming uptrend. Potential to 1.3025
  • EURGBP hovering around 0.85
  • Gold bottom and reversal pattern indicating downtrend is over. Short-term bounce to 1,964 likely
  • US 10-year Treasury yields above 4%. Setback could seen to 3.88. Upside potential to 4.3

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