The S&P500 Long-Term chart is still in a broad Bull Channel but has been trading lower since January 2022.
The Index could potentially bounce off its support level at 3 530.00 in the Short-Term in our view.
Apple is trading in a broad Bull Channel but made a negative break in March 2022 and has since traded lower.
The share is finding Short-Term support at USD130.70, but the trend remains negative.
MSFT is trading in a broad Long-Term Bull Channel, but it has turned negative in January 2022 and has been trading lower within a Short-Term Bear Channel. The share is targeting support at around USD252.00 which is important to hold to prevent a further decline in our view.
After a strong run during 2020/2021 Alphabet Inc. Class A turned negative in January 2022 but is still trading in its broad Long-Term Bull Channel. The share is presently trading in Short-Term Bear Channels with first support at USD2 130.00 and then USD1 930.00.
Amazon broke downwards out of its Long-Term Bull Channel by breaching the USD150.00 level in April 2022.
The share fell nearly 30% but is finding support at the USD102.00 – USD103.00 level. This is an important level to hold to prevent further weakness in our view.
Berkshire Hathaway is trading in its Long-Term Bull Channel but turned negative in May 2022 and has been trading lower in the Short-Term.
The share has found Short-Term support around the USD269.00 level and needs to hold this level to prevent further weakness in our view. The next support level is at USD230.00.
Tesla peaked at USD1 243.00 in November 2021 and has since traded lower and most recently touched a low of USD620.00 which is a Short-Term support level.
The USD620.00 level needs to hold to prevent a sell off towards the USD458.00 support level in our view.
J&J is trading in a broad Long-Term Bull Channel.
In November 2021, the share gave a Short-Term Buy signal and has since been trading higher and briefly touched a new high of USD186.00.
J&J can reach USD194.00 in this upward trend in our view.
This report provides technical analysis of the S&P 500, as well as various U.S shares