Technical Analysis: US market outlook March 22, 2021 542

  • The US market went into a sell-off last week after the increasing yield curve spooks the investors
  • The Tech heavy NASDAQ index is still in a downtrend as shown by the ichimoku indicator.
  • Our top 30 chart based on the moving average rating is showing increasing tech potential weakness in the upcoming trend

 

 

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About the author

Profile photo of Chua Wei Ren

Chua Wei Ren
Technical Analyst
Phillip Securities Research Pte Ltd

Wei Ren specialises in Technical Analysis and has 11 years of experience in studying classic technical price action. He also study and research extensively on Elliott wave theory, Dow Theory. He believes that history plays an important role in how the market is reflected in the future.

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