Technical Outlook for S&P, Nasdaq, HSI and STI (Week 3, August)
S&P 500: Maintain Bullish View
The S&P 500’s technical setup remains broadly bullish. Price action is trading well above the 150-day and 200-day MAs, with all major moving averages in bullish alignment, indicating a strong long-term trend. The recent breakout to new highs keeps momentum intact, though the latest candle shows mild pullback pressure. RSI a…
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