Here below please find the Swiss team’s latest weekly technical analysis report on the major international asset markets.
They pick up many of the same issues as we have already on the forum pages and prior posts inc the Biotech sector issues and also the SOX deeply overbought etc, etc.
They remain medium term bullishly aligned on asset markets but single out China and the bullion on a more near term basis as buys and bearish US$.
In their view the US equity indexes are likely to see some more near term consolidation before another wave higher is attempted. They maintain their price target of 1970 on the sp500.
I’ll leave all the various detail of timing and levels to the team to provide and explain in their own format.
Apologies for the delay in posting. We hit a few technical issues on the site which delayed things. I have a raft of reports to release inc Fitzpatrick amongst many more.
All the best
Rich