Viking Therapeutics, Inc. (VKTX) is approaching potential breakout point in the 9.8 area after multi week consolidation in a tight range (ascending triangle chart pattern).
S&P 500 INDEX (^SPX) approaching a multi-month descending trendline, which if broken could lead to a major reversal. Confirmation above horizontal support at 4100.
NIKE, Inc. (NKE) broke the mini consolidation and triggered a new up trend with the potential to reach 125 areas short term.
Tesla, Inc. (TSLA) support levels 110 area, 90 area, 65 area.
Northrop Grumman Corporation (NOC) approaching a potential breakout point at 547. Confirmed breakout is likely to trigger short-term momentum toward 560+. NIKE, Inc. (NKE) – bullish signal if price breaks tight consolidation. Halliburton Company (HAL) approaching multi month resistance at 40 which if broken is likely to trigger momentum.
Northrop Grumman Corporation (NOC) approaching a potential breakout point at 547. Confirmed breakout is likely to trigger short-term momentum toward 560+.
Tesla, Inc. (TSLA) short term technical analysis suggest likely consolidation of price at/above 115 support but worst case short term scenario (30% probability) doesn’t exclude even 90 area.
Apple Inc. (AAPL) could see the next selling wave toward the 123 area if 130 support is lost. On the mid-term period(3-6 weeks) downside possibilities are in the 119-123 area with overall market weakness.
S&P 500 INDEX (^SPX) important technical support is lost, which suggests more downside is likely in the next 10 trading days. Support levels: 3700, 3550.
S&P 500 INDEX (^SPX) key support and resistance levels to watch this week, price likely tocontinue with correction toward 3700 area short term.
